Business Turnaround Finance - Swindon
The client applied to Peninsula to refinance his 3 industrial units. They were unable to refinance with a high street lender due to several missed payments so a 24 month bridge was offered in order for them to allow time to demonstrate serviceability. The client has since sold one of his units and Peninsula allowed the client to retain some of the sale proceeds in order to inject working capital into his business.
Key facts
amount borrowed
£111,000.00
loan term
24 Months
property type
Industrial units
Peninsula Finance plc
Studio 5-11
5 Millbay Road
Plymouth
Devon
PL1 3LF
t. 01752 292568
f. 01752 204646
e. enquiries@peninsulafinance.com