Fresh food upgrade needed

Time critical finance:

Term: 6 months
Amount: £400,000
Feature: option to extend

A fresh food producer, supplying supermarket chains, was told it needed to adapt its handling plant to meet new health and safety regulations or it would lose its contracts.

Traditional agricultural finance houses couldn’t assist due to the intangible nature of the assets and, with the farmers in their late 60s, traditional finance houses were dragging their heels over home mortgage issues.


Accredo agreed a 6-month £400,000 loan with one single payment at the end and an option to convert to fully amortising over 5 years if required.

Related frequently asked questions

How long does it take to release funds to the customer?

Once all conditions have been satisfied and we have completed our final checks, we will release the funds and they will be in the customer's bank account within 24 hours.

What is the process and how long does it take?

Firstly we will need to receive a request for finance via a broker. 

If we are able to issue an acceptance, we will send our Property and Borrower questionnaire for the client to complete.  On receipt of this completed questionnaire we will contact the client to collect the legal fees and, if applicable, valuation fees. 

Once we have received the fees, we will instruct our solicitors, book the valuation, contact other lender/s and raise loan paperwork for signature.

Whilst we make every effort to complete the process as quickly as possible and in line with the client's requirements, we are unable to give a specific timescale due to some aspects of the facility being reliant on external parties but once all conditions have been satisfied and we have completed our final checks, the pay-out process can take up to 24 hours.

Full details can be found on our 'Our Process' page.

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Our short term facilities have a transparent payment profile of anything from 3 - 18 months allowing your clients to free up cash flow to run their business.

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We provide secured business loans from £25,000 to £1,500,000 specialising in solutions for new-starts, difficult credits and established companies. We lend against residential, commercial, mixed-use and buy-to-let property. 

We aim to give decisions in under three working hours. Our repayment terms are from 3 months to 10 years. And we offer fixed repayments or flexible terms such as seasonal payments, deferred payments and interest-only.

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