Our client was looking for £115k business loan to cover a kitchen refurb & bar furniture for a 15 bed Hotel & Restaurant in the Yorkshire Dales. Our client took over the lease of the hotel 4 years ago.
We approached our panel of lenders, receiving two offers. One offer was a lower loan amount but the rates and fees were much more favourable. On appeal they re-considered and provided approval as requested.
Through our close relationship with the lender the transaction completed in 4 days from the initial enquiry, to the funds being drawn.