Manufacturer requires interest-only finance for research and development


Term: initial 12-month interest-only period
Amount: £350,000
Feature: interest-only with option to extend by a further 5 years

A manufacturer of e-bike parts required a short-term, interest-only loan with flexible exit route to inject £350,000 for research and development of new products.

The cash flow projections suggested they needed 12 months with minimal repayments to get them through the research period before they could bring their product to market. They wanted a short-term loan but with some flexibility at the end of the term.


Accredo provided the full amount on an interest-only basis over 12 months. The loan was secured over two properties and paid out within four weeks. To give the customer the flexibility they needed, they were given the option to pay off the loan at the 12 month point with outside investment or they could refinance with a fully amortising term over 60 months.

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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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