Finance equipment, don’t rent
Nursing Home
Winning a new contract
With a new contract on the line and a bank that couldn’t facilitate their needs, Clear Business Finance steps in and secures a £500k loan on highly competitive terms.
The Challenge
A nursing home focused on superior care for dementia patients and the elderly, had the potential of winning a new NHS contract but found acquiring the needed funding through their high street bank a frustrating process. Despite being a financially strong business, they had been declined due to the strict criteria their bank was reluctant to move away from.
It was crucial that the nursing homes search for funds didn’t take up a lot of their time, they had built a very strong Care Quality Commission rating over the years and they needed the freedom to focus on their day-to-day undertakings.
With the client running out of ideas, this is where Clear Business Finance stepped in.
Key Facts
Amount Financed
£500,000
Product
Business Loan, Unsecured
Location
Lancashire
Applied via:
ClearBusinessFinance.com
The Results
Clear secured a £500,000.00 unsecured loan for the business over a 5-year term, meaning no company assets were required as security. In addition a payment holiday was arranged for the client, which allowed them to focus on generating a return on their investment before repayments were due.
Finally, the client also had the option of settling at any point, this is always useful because in the eventuality that returns are quicker than expected, the client can repay early keeping the interest charged to a minimum.
The nursing home used the funds to purchase a new fully refurbished site immediately doubling their capacity and providing them with the needed facilities to take on the desired contract.
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Success Stories
What are your ambitions and how can your business achieve them? Here are a few recent examples of how companies like yours are fuelling their growth plans with the right financial support.
EQUIPMENT FINANCE
Amount Financed
£81,525
We all want the right tools for the job, so you will be pleased to hear we’ve made acquiring equipment a whole lot easier.
#DealOfTheWeek!
Term
4 Years
Equipment
New Large Litho Printer
BUSINESS LOANS
Amount Financed
£250,000
Winning a new contract is great but having the capital to meet the requirements, is just one example of how we help companies across the UK on a daily basis. #DealOfTheWeek!
Term
3 Years
Reason for loan
Contract fulfilment
VEHICLE FINANCE
Amount Financed
£165,000
The MD of a UK based property investment company asked us to organise the finance agreement for her new vehicle. It was a roaring success! #DealOfTheWeek
Term
4 Years
Vehicle
Aston Martin Vanquish S
EQUIPMENT FINANCE
Amount Financed
£468,000
Breaking down the cost of your new plant machinery over a 1 to 5-year term, can allow you to limit your upfront outgoings & protect your cash flow. #DealOfTheWeek.
Key Benefits
Leading Terms & VAT Deferrals
Equipment
Three New LiuGong Excavators
INVOICE FINANCE
Approved Facility
£50,000
Get paid on time, every time. Your invoices can provide you with instant funding. No more waiting 30 - 120 days for payment, get your money upfront. #DealOfTheWeek!
Facility
Full Book
Available funds
within 24 hours
DEVELOPMENT FINANCE
Amount Finance
£151,000
80% of the sites value with no personal guarantees gave our client sufficient time to secure the site and gain planning permission.
#DealOfTheWeek
Facility
Bridging Loan
Term
6 months
EQUIPMENT FINANCE
Amount Financed
£232,500
Protect yourself against asset depreciation & keep up with ever-evolving technology. Finance your tech related acquisitions & upgrade at any point. #DealOfTheWeek!
Client
Two Medical Supercentres
Equipment
Handsets, CRM Integration & PC's
GREEN ENERGY FINANCE
Amount Financed
£550,000
Our client was able to totally remove his business’s reliance on natural gasses and switch to green energy for a fraction of the cost.
#DealOfTheWeek
Term
5 Years
Equipment
500kw Solar PV Install
MERCHANT CASH ADVANCE
Amount Advanced
£190,000
A financial solution where repayments flex in line with your future debit/credit card transactions, mirroring the ups & downs of your business. #DealOfTheWeek.
Available funds
within 24 hours
Client
A leading tooling retailer