Third-party security can be a gateway to funding for young business owners

Term: 60 months
Amount: £200,000
Feature: third-party security

A newly established limited company required a £200,000 loan to acquire the franchise for a growing fast-food establishment with a sports bar atmosphere.

The directors were property owners but had insufficient equity in their property to support the full loan amount.

However they had the support of a parent who, despite having no beneficial interest in the business itself, was happy to offer their own property as security.

Outcome

Their property was unencumbered so there was plenty of equity allowing us to offer the full amount required for the franchise and since the initial loan, we've provided further funds to cover additional setup costs and support the business's continued expansion.

Our Products

Short term business loans

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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Long term business loans

Our longer term facilities are available for periods of 5 to 10 years.

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Secured equipment leasing

Purchasing equipment outright often requires a significant investment. Accredo provides secured equipment leasing options for most asset types including second hand equipment as well as leases for intangible assets such as software.

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