Kingston Burrowes Case Studies
Time and again we prove to our clients that we can secure funding where others fail and, in the majority of cases, our advice will save you significant amounts of money over the course of the loan.
Commercial Property Mortgage
A client was introduced to us from a Mortgage Consultant who does not offer Commercial Finance advice. The client was looking to purchase a semi commercial premises with shop unit on ground floor and three flats above.
The client intended to use the shop unit as a kitchen showroom and continue renting the flats above for income. We managed to secure funding from a high street bank who met with the client at the premises and got an indication of the clients intentions and discussed his previous experience.
The client obtained an agreement in principal within a few days and completed within the month.
Equipment Asset Finance
A medical supplies company needed £150,000 for new equipment but did not have the cashflow. Their accountant was able to identify that they would ultimately save money with new machinery installed. Kingston Burrowes was able to secure finance from a tier 1 bank, an offer that the businesses own bank could not match.
From the initial consultation and discovery meeting, to understand the requirements of the business to an offer of finance took just one week.
Bridging Loan and Property Purchase
Our client had the opportunity to purchase the premises that they had been trading from for over 35 years. Their own bank and other sources of finance had all been refused.
Kingston Burrowes was able to secure a short term deal to allow them to buy the premises. As a short term bridging loan it was offered at a much higher interest rate.
One year later Kingston Burrowes was able to renegotiate a better deal with a mainstream lender.
Cash Release through Invoice Financing
A B2B Retailer needed to release some cashflow. They were owed £400,000, equivalent to two months revenue. Kingston Burrowes were able to arrange an invoice finance deal to give them the working capital they required to develop and grow the business.
Business Start-up Loan
A local hairdresser was looking to set up his own business and wanted to raise £70k to purchase an existing barbers and take over the property lease.
Kingston Burrowes introduced him to a high street lender and put him forward for the EFG Scheme as a business start-up. We packaged his business plan and explained his ambitions to our dedicated contact at the bank.
The client successfully received the requested funds within a 4 week period, allowing him to commence trading.