2nd Charge Business Loans Can Help Your Business Grow

The Lending Channel
Date Published:24/03/2016

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2nd Charge Business Loans can help your business grow. Great example from this month.

Client Conundrum - this haulage contractor needed £100k to buy new equipment to help take advantage of a large new contract. The usual asset finance route was closed due to his lenders not supporting his expansion plans.

Solution - a £93k 2nd Charge business loan (at max LTV of 75%) secured on the client's main residence at an annual rate of 6.45%. The broker fee was priced at a competitive £1,900 and our introducer received £1,128 for a case where the advice was given by us.

Category Tags TLC News, Secured Loans
We are a credit broker, not a lender and are paid a commission by our lenders, full details of this along with our fees will be detailed in the Terms of Business we issue to you.

The Lending Channel ltd is a member of the National Association of Commercial Finance Brokers (NACFB).

2/1 King James VI Business Centre, Friarton Road, Perth, PH2 8DY
Tel: 01738 583008 | Fax: 01738 500402

The Lending Channel ltd are authorised and regulated by the Financial Conduct Authority.
FCA number 626787
Company number SC334818
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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP YOUR REPAYMENTS ON A MORTGAGE OR OTHER DEBT SECURED ON IT

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