Case Studies
€480K Unsecured SBCI Loan Secures Business Premises
Clancy got us an amazing deal – and made the process so quick and easy
The Outcome
- €480K unsecured SBCI Future Growth Loan
- 10-year repayment loan at low interest rates
- Business purchased its operating premises
- Property acquired without the need for security
- Manageable long-term loan put in place
- Flexibility to pursue expansion plans
1.
Summary
The business had grown successfully and wanted to take ownership of the unit it was operating from. The landlord approached the directors with an opportunity to purchase the premises. This was an attractive opportunity as owning the property would provide greater long-term security and support the company’s expansion plans. The company needed a funding solution that would allow it to purchase the premises without putting unnecessary pressure on cash flow.
2.
Challenge
The main challenge was securing a substantial loan quickly enough to meet the purchase timeframe, while also finding a structure suited to the company’s longer-term plans. The business was looking for an unsecured facility with a sufficiently long repayment term to keep monthly commitments manageable. The SBCI Future Growth Loan provided a suitable solution, offering unsecured long-term finance at competitive rates.
3.
Approach
We reviewed the company’s financial position, the proposed property purchase and its future growth plans before identifying the SBCI Future Growth Loan as a suitable option. We prepared and presented the funding application to the lender, clearly setting out the company’s ability to service the facility. We then managed the application through the approval process and secured a 10-year unsecured facility.
