Business acquisition funding

This client was looking to purchase a well established pet shop in Berkshire from the current owner who is retiring.

The client came to us having been let down by their initial lender who shut their doors to new business due to the Covid-19 lockdown. The client was wary having spent funds with this lender on a valuation and legal fees that would not be refunded.

At Genie Lending our staff are up to speed with the changing industry regulations during the Covid-19 pandemic and understood straightaway that being considered ‘key’ pet shops have remained open, and although limited opening times and services. Presenting the clients case was easy for our Case Manager and our lenders were keen to help.
 
Not only were Genie Lending were able to step in and find a new lender to be able to purchase the business, we also secured better terms for the client than their initial deal which we were only too pleased to be able to gain for them having felt compassion for the situation they had been left in.

Genie Lending achieved this by way of a loan to the clients new Ltd company, secured with a 2nd charge against the clients home. 
 
This is becoming an increasingly popular way of borrowing for small to medium size businesses, particularly for acquisitions and, can be much cheaper than some unsecured loans. Depending on circumstances some loans can be completed within 7-10 days.

If your business has found funding difficult to obtain you can trust Genie Lending to go to every extent to provide the correct finance quickly, for the result you want. As well as the household names in the industry we have access to proven lending sources who you will not find on the high street.

Our aim is to help UK SME’s obtain funding for all their business requirements, whether that be growth, acquiring premises, paying HMRC liabilities or simply working capital. Genie Lending can assist with complete finance solutions.

#newbusinessfinance
#petshop