| Property | Purchase of a rival three-branch estate agency business |
|---|---|
| Location | Nottingham and Derby |
| Client | Established estate agency group expanding by acquisition |
| Product | Business finance |
The challenge
The buyer needed to fund most of the purchase without stripping its own cash reserves. Lenders wanted proof that the combined business could repay the loan.
What we did
We prepared a lending pack with both businesses' accounts, a combined forecast and the agreed sale terms. We approached lenders offering acquisition finance and term loans. The lender took a debenture over the business and personal guarantees from the directors. We made clear that this business lending is not FCA-regulated.
The outcome
The acquisition completed, and the enlarged group now has five branches.
Business financeBusiness loans, asset finance, prestige car finance, invoice finance and VAT or tax loans.
Learn moreImportant: Commercial mortgages and most business finance are not regulated by the FCA. Your property may be repossessed if you do not keep up repayments on loans secured against it.