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.
If yourself or your clients are interested in the above or are looking to talk about any other types of finance, then please speak to the Key team today.