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.