View our number of successful case studies on business loans/ finance which has in turn helped businesses grow. See if we can help you today.

Purchase of a commercial property

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Our client has been operating a successful customer retail and service business from rented accommodation for the last 15 years, in a village location in the Midlands. 

Like most business owners the COVID pandemic forced the clients to act quickly with commercial decisions to adapt their business so they could continue to thrive. It therefore made complete business sense to stop renting, and purchase premises to trade from, to further strengthen the business.

When the opportunity arose to purchase the property next door, which has been vacant for around 5 years, the client spoke to Genie Lending straight away. Knowledge of the area, with a current client base and proven track record stood to strengthen the proposition. Furthermore, the property itself is a large space with an unused takeaway and restaurant on the ground floor and a huge 8 bedroom flat above.

Our client could see beyond the repairs that were required and the possible potential in the property. They approached it with a clear commercial plan, keeping their business goals in mind, whilst also seeing the opportunity for portfolio expansion. Through splitting the ground floor commercial space into a takeaway (to let out), and retail unit to move their existing business into (subject to local authority consents). They would then look to gain planning to convert the 8 bedroom flat, into four 2 bedroom flats which can be let to generate further income.

To attain the finance, our Genie Lending dedicated Case Manager worked closely with the client over the many complexities to attain the required funding. Our experienced Case Manager guided the client through the hurdles that they would face for example, with no planning in place to split the commercial element, or to convert the flats, a long term commercial mortgage is not possible. Secondly, development lenders will not lend if planning is not in place, and should they try and obtain planning before purchasing they run the risk of the vendor increasing the purchase price! Also counter to their application, was the poor condition of the property. Main stream bridging lenders were concerned that this could lead to unforeseen expense, that would be detrimental to the loan repayments.

Genie Lending were able to overcome all of this, and accomplish a bridging facility with a flexible independent lender, who could also see the potential in the property. Having visited the property personally, and obtained specialist reports, the lender was able to provide a funding facility to support the purchase, and moreover, when planning is in place will assist with the development finance.

Once fully developed the client will be able to refinance the whole building on to a long term mortgage. In doing this, our client will have an increased income from the takeaway and the accommodation rental of the flats, thus meaning that they will no longer have to pay rent on their own retail business!

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.

Funding to refinance industrial units and self-storage containers

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We received an refinance enquiry from a business person who owns a small industrial estate in Northamptonshire, compromising of a combination of industrial units and self-storage containers.

They wanted funding, to refinance away from an existing lender, having come to the end of their term with the loan during the lockdown.

The client also wanted to raise additional funds to increase the number of units and self-storage, in turn increasing their revenue.

Despite the lockdown and inability to arrange property inspections, the Genie Lending Case Manager was able to discuss with lenders and obtain a competitive long-term mortgage for the client.

Moving away from the norm, we were able to get a fully credit backed mortgage offer without the valuation having taken place, enabling solicitors to start their process and giving the existing lender comfort that they were going to be repaid on time.

Once the lockdown eased and Registered Institute of Chartered Surveyors (RICS) valuers, were able to go out, a formal valuation was arranged.

Once the valuation was back, the lender was able to ensure a speedy completion so that our client was able to continue trading seamlessly.

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.

Finance for the purchase of a pub

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In one of the hardest hit industries, with ever changing Covid-19 regulation, we are striving to help clients to become financially stronger.

With robust plans in place to conquer the adversity and responsible finance measures to drive these plans forward our clients can secure a future in the hospitality industry come what may.

In this case study, we successfully arranged finance for a client in the South West of England wanting to purchase a Freehold pub with letting rooms. The pub is a retirement sale and is a well established ongoing concern with great trading figures. The clients have a lot of experience within the hospitality trading sector giving them the ability to evidence they can run a business to lenders.

Due to the recent lock down and how the hospitality sector has been affected the main high street banks are opting not to lend in the sector at the moment therefore clients benefit from approach Genie Lending because we have access to a specialist product for the hospitality sector. The product enables clients to purchase a Pub on a short term loan, whereby interest is retained for the first year, meaning no payments are required for the first 12 months. After this, interest is paid monthly for another 12 months.

This product enables the clients to focus on the business without the worry of having to make payments early on and build up positive trading experience for when the lenders re-open. It will also open the clients up to more specialist lenders as they will have a track record in running the pub behind them. There are no early repayment penalties at any time, so if they find the hospitality sector is not for them and they want to sell, or the lending market opens sooner and we can refinance to a term loan they will not be penalised. The product is available at 60% Loan to Value.

These types of business loans can be arranged within a very short time frame to get your pub or restaurant up and running will all that it need to comply with the ever changing Covid19 regulations.

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.

Business acquisition funding

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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
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Success in obtaining a new business start up loan in the current climate.

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During the current lockdown a client in the North East approached Genie Lending for help in purchasing a retail franchise. The business was for both online and shop based sales of specialist herbal products.

Whilst formal long term lending was unavailable for the client, due to this being a new start business, Genie Lending was able to secure a second charge bridging loan for the client to be able to move forward with his business venture.  This bridging facility has all interestpayments retained, so that, as the business starts, the client will not have the worry of having to make monthly payments. Once the business has established trading period, Genie will refinance the bridging loan, with a long term facility. The lender agreed to a desk top valuation to ensure the social distancing rules were adhered to.

Despite the current lock down, the case manager was also able to liaise with the lender and solicitors, in order to find a way through the traditional requirements for visiting solicitors, for both signing and witnessing documents, and receiving independent advice. With forward thinking, the lender accepted the novel idea of skype and, facetime being used for the advice process and, to and for signatures to be witnessed. Undertakings were given to forward original documentation post Covid 19 lockdown.

This shows how professionals can come together and sensibly overcome adversity at such difficult times. Lenders are still open for business and finding ways to keep supporting the business community.

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.

Convenience store owner develops business portfolio to become a landlord.

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A convenience store manager who had owned and successfully traded from the same premises for 10 years in Cheshire had recently grown to require new premises.

The ambitious client, had been steadily growing the business and consistently repaying the existing commercial mortgage facility with their high street lender. However, having now outgrown the building, they were required to move to a new location. This presented an opportunity to rent out the existing premises, an idea that had been in the planning for some time and would give them the ability to diversify their portfolio for income stability. They would split the current building into three separate units to let out, generating additional income.

From what seemed like a relatively straight forward plan there were some hurdles to overcome. This became clear when they approached the high street banks for funding. Having no previous commercial landlord experience being one, the change in structure and no tenants in place at the time. These factors seen as prohibitive by the high street banks forced the client to refinance and seek funding elsewhere.

When the client approached Genie Lending the Case Manager spent time understanding the client’s requirements, and various complexities within the case. He looked at these carefully with the client and their solicitor helping them to draw upon relevant information to present in order to obtain their funding.

Among the plus points were that the new premises were in the local vicinity of the existing, therefore this meant the client could keep a good handle on the three tenants.

A solution was found and an agreement in principle obtained from a competitive lender providing appropriate long term funding. The client was happy with the terms provided and proceeded accordingly.

This concluded with an acceptable formal offer being provided and legal representatives instructed within 12 working days of submitting the application.

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.

Revolving credit facility case study

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A new client to Genie Lending, with a newly established business based in the East Midlands, won a contract to supply specialist drilling equipment to the military. However, due to the nature of the contract and restrictions of the industry, they are required to pay up front for the equipment before receiving payment from their customer, the military.

Traditional trade finance or Invoice Financing was not appropriate for this transaction and the client was left with a gap in their cash flow.

By utilising an unsecured, revolving credit facility, the business is able to borrow, in a similar way to a traditional overdraft, to purchase the stock, only covering the interest until they are able to repay when the order has been fulfilled, and their invoice paid. At which time the facility is available to draw on again for any reason.

The facility was put together in a matter of days putting the client in a strong position to secure the contract ahead of competitors.

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.

New start up company in the music business

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This case study highlights the benefit of being in a formidable financial position with a new start up, while leaving the delicate transition of an existing company to the next generation in full financial strength.

Genie Lending have been instrumental in providing finance for this long standing client who has owned and traded a successful flooring and furniture retail shop in the midlands for over 30 years. Due to it’s stable and established core, the owner was wanting to hand the reign of this business to his adult children- the next family generation. Thus allowing him to pursue his passion in a new business, importing and selling musical instruments.

His personal investment for the music store, provided enough to cover the set up costs for this brand new business. However, the new company needed funding to improve stock levels and fit out the shop which he approached Genie Lending for.

With a solid business plan and realistic cash flow forecast provided, the Case Manager was able to achieve the required funding for the company by utilising the available equity in their residential property as security. The monies were lent to the new Ltd company with a personal guarantee from the director in turn supported by a second charge against property. Funds were made available within 4 weeks.

We couldn’t be happier for this family and wish them all the best. We will continue to be on hand for any future commercial finance that these companies may need.

If your business requires funding, 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.

Funding for the purchase of a coffee shop in Worthing, Sussex.

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Our Client has been managing a seaside café for several years and was given the opportunity to purchase the café from the owner. The fit was perfect, and there could be no question regarding the viability of the business model given it’s current trading figures. Buying this independent cafe was simply an easy choice which would enable the current managers to become proprietors of the cafe, truly owning their dream.

Seizing the opportunity, the client agreed to the purchase with another family member, setting up a new Ltd Company for the purpose. The client approached his own bank and other high street banks to borrow the funds however, they were turned away as these lenders took the view that he did not have enough experience and it was viewed as a “new start business”.

The team at Genie Lending could see the possibility in this established business and went about helping this client to source the right funding. Genie were successful in securing funding for the purchase of the business where others had been unable despite it being considered a start up.

The client was enormously grateful when terms were agreed and funds were paid out to the client within 4 weeks. A fantastic early Christmas present for our clients, which will see this cafe continue to operate with the passionate and care that goes into this business. Also a win for the local community and tourists alike.

Genie Lending have a wealth of experience in helping new start and young business raise funds based on both short term trading figures and projection led lending.

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.

Development funding for overlapping project

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An experienced property developer in South Yorkshire, who is a long-standing Genie Lending client, approached with a potential new development project, however, as their current project had not yet completed, funds were tight.

The client had been offered the opportunity to buy land with planning at below market value, however, they did not have enough funds to put down the normal expected deposit to purchase the land. This was because all their funds were tied up in the clients’ current project, awaiting sale of properties to go through.

Genie Lending understood the intricacies and were able to show in their application that there was adequate equity within the value of the property, compared with the purchase price. From packaging the information thoroughly and carefully we were able to obtain 100% of the purchase price on a 6 month bridging facility, without the client being required to provide any additional security. This was achieved by showing that the clients have the ability to repay the bridging loan from either the sale of the properties within their current project, or from a traditional development finance facility which we have agreed in principle for the client.

The development finance facility will enable the client to be able to repay the initial bridging loan and provide 100% of the build costs in stage payments, rolling up all interest until the sale of the properties.

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.