Key would like to showcase the below Healthcare deal that we have just recently secured.
- The client is a newly qualified Pharmacist at the age of just 26 years old.
- The business has been successfully trading for 25 years.
- The client was seeking a loan for a Pharmacy Business only as they were already operating from leased premises.
- The clients family has a background in the Pharmacy sector.
- The client wanted to borrow a total loan amount of £340,000- borrowing £160,000 and to then pay the rest of the money to a vendor over time.
- After speaking with a number of high street banks we found a lender who was able to secure the full amount of £340,000 at very competitive rates, £200,000 at 2.4% over base rate (secured element) and 2.9% over base rate on the remaining unsecured.
- The term being at 25 years
- The clients mother was very keen to provide her support by adding security and became a Director and minor stakeholder in the business.