Management Buy-Out Of Live Music Venue

This long-standing client of Mike Vine from Asset Finance Solutions had the opportunity to buy back a thriving bar from his former business partner. He needed to raise £163k to do so. The bar would be retaining all existing staff and managers and would continue to operate as normal.

Mike Vine knew that Asset Advantage are open to deals from the leisure and retail sector, and he knew that we are flexible and receptive to listening to deals.

Business Loan for £163,000 on a 5 year term.

Mike Vine said: “I was really impressed by the simple and straightforward process with Asset Advantage. The ability to have direct contact with an underwriter is massive on a deal like this. From sending in the initial proposal, I received a checklist from the underwriter itemising the additional information required. This made the next steps very clear. The process with the payout team was likewise very straightforward, and overall it was a fast turnaround on a commercial loan – with competitive rates. Meaning I also provided a good service to my client.”