2nd Charge Business Loans Can Help Your Business Grow
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.