Alternative Bridging Corporation has delivered a £1.267m funding boost to a fast-expanding tattoo parlour group in the West Midlands.

The loan, structured as a second charge against the borrower’s main residence – valued at £1.95m – was introduced by Synergy Commercial Finance. It was agreed at 65% loan-to-value and completed within six weeks of the initial approach.

While the Alternative Overdraft facility is more commonly used to support property-related investments, the firm says this case illustrates its broader utility for business owners seeking agile capital solutions.

The client, an entrepreneur in the tattoo industry, required rapid access to funds to acquire multiple new premises as opportunities arose, with the ability to draw down and repay flexibly as the business scaled.

James Bloom (pictured), director at Alternative Bridging Corporation, said the case was a strong example of the lender’s ability to support non-traditional funding requirements: “We have a long and successful relationship with the Synergy network and always enjoy working with them.

“We worked very closely with Mark Fox and his team on this case and were in daily contact to get a quick resolution. The case demonstrated how our flexible overdraft facility can also be used for areas outside of traditional property purposes.

“Our Alternative Overdraft can be used for anyone needing quick access to business capital. It provides a facility that can be drawn down when required, paid off when the funds are available, and drawn down again without incurring expensive set up charges and delays.

“We were pleased to support this growing business and look forward to continuing our excellent relationship with Synergy.”

Mark Fox, business development manager at Synergy Commercial Finance, said the Alternative Overdraft had offered the ideal solution when approached by his client: “When the client approached me for a hunting pot facility, I thought Alternative Bridging had the perfect solution.

“The process was seamless and straightforward from the initial Zoom call to terms being agreed and funds being drawn.

“The client was really pleased with the process through the solicitors and also the speed to which the deal was completed. The client is already looking for his second drawdown and is keen to make full use of the flexibility of the facility to help his business grow.”