Fast funding saves family business

Published on

Clever Lending and Together have managed to help a daughter save the family business her late father built up.

The customer had inherited her father’s business and was determined to make a success of the company, but needed funding fast to deal with some existing debts.

She was introduced to Clever Lending by her mortgage broker, to boost cash flow so she could realise her plans for the business. They brought the case to Together.

After reviewing the application, the specialist lender agreed to provide a loan of £37,670, secured against commercial property.

Laleta Buctkuar (pictured), key account manager for Together, said: “We were delighted to be able to help our customer to preserve her dad’s beloved business. We looked carefully at her situation and, applying our philosophy of common sense lending, were able to provide the finance needed.”

Sonny Gosai, head of specialist lending at Clever Lending, added: “Thanks to our relationship with Together and their flexible approach to lending, we were able to help keep alive a client’s dream of keeping her father’s business in the family.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

East Midlands newbuild prices fall as developers respond to weaker demand

The average asking price of newbuild homes coming to market in the East Midlands...

Principality adds final piece to BDM team with London & SE appointment

Principality Intermediaries has announced the appointment of Melissa Burke as business development manager for...

Arc & Co. secures £16.4m loan for Fareham premium care home development

Specialist debt and equity advisory firm Arc & Co. has completed a £16.4 million...

Former Wales and Lions rugby star joins Howden

Howden has appointed former Wales and British & Irish Lions rugby player Dafydd James...

Reeves weighs property tax overhaul to replace stamp duty

The Treasury is examining plans for a new levy on homes worth more than...

Latest publication

Latest opinions

Tuning into later life lending conversations

There are certain conversations in our profession that can genuinely change the course of...

Right of Light risks: a looming shadow over construction projects

Gone are the days when a Right of Light infringement could be swiftly dealt...

Could a move to ‘enhanced advice’ also mean mandatory protection conversations?

The FCA’s recent Mortgage Market Discussion Paper (DP25/2) has got the industry talking about...

Take off the rose-tinted glasses and stop chasing a rate cut

Every six weeks the financial world raises its eyebrows at the prospect of a...

Other news

East Midlands newbuild prices fall as developers respond to weaker demand

The average asking price of newbuild homes coming to market in the East Midlands...

Principality adds final piece to BDM team with London & SE appointment

Principality Intermediaries has announced the appointment of Melissa Burke as business development manager for...

Arc & Co. secures £16.4m loan for Fareham premium care home development

Specialist debt and equity advisory firm Arc & Co. has completed a £16.4 million...