Government Growth Scheme Case Study

Client Background:

Our client owns a collection of lakeside lodges at their fishing lake and aimed to expand their offering. To achieve this, they decided to invest in two new log cabins for their destination site. Having already financed the cabins directly with the manufacturer, the client now needed to raise an additional £30,000 for the transportation of the cabins to site and to prepare the necessary groundworks.

Challenges Faced:

The client initially sought an unsecured loan independently but faced multiple challenges. Not only were their applications declined, but the offers they received were either for half of the amount required or had terms that were far shorter than desired, making the loan unaffordable.

How We Helped:

The client turned to Key for assistance. We began by meeting with the client to gain a clear understanding of their past, present, and future goals. This allowed us to develop a tailored proposal, including a cash flow projection that demonstrated the additional income the two new cabins would generate. While we focused primarily on government growth scheme (GGS) lenders, we expanded our search to include a range of potential funding sources. We collated all lender responses into a transparent and easily comparable format, ensuring that the client had all the information needed to make an informed decision.

The Outcome:

The Outcome: We were able to secure an unsecured GGS loan for the full £30,000 required, over a 5-year term, with an affordable repayment structure. With the increase in cash flow from the two new cabins, the client had the flexibility to repay the loan in full at any time, with no early repayment charges.