Are you eligible for an Enterprise Finance Guarantee Scheme Loan?

Are yourself or your clients eligible for an Enterprise Finance Guarantee Scheme Loan? Key are very excited to showcase the following deal that we have just recently secured.

• Client from overseas seeking £55,000 loan in order to conduct a full refurbishment for a new Mexican restaurant to be opened in Wigan.
• The property in question is an old pub that has not been trading for some time and is currently being leased by the client.
• The client has had many years front of house experience and has successfully managed several other restaurants, including Chiquito’s for an impressive 10 years.
• Although the client has many years of experience he did not have any added security.

• After speaking with several lenders Key managed to secure the following deal;
• An EFG loan for £55,000 was secured to fund towards the refurbishment and marketing costs.
• No early repayment fee or fees on overpayments.
• Repayment term of 5 years.
• Interest rate at 3.94%- fixed for 3 years.