
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.
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
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.
Find out if your business is eligible for financial support
Applying online only takes a few minutes
Success Stories
Ask yourself, 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.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
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!