Case Studies
€500K Unsecured SBCI Growth Loan Funds Expansion Plans
Working with Clancy was great – the application process was hassle free. This loan will really bring our business to a whole new level.
The Outcome
- €500K SBCI Future Growth Loan secured
- Unsecured loan at competitive rates
- 10-year repayment term agreed
- New customer showroom fit-out funded
- Specialist workshop machinery purchase
- Long-term investment plans supported
1.
Summary
The specialist steel supplier was planning its next stage of growth through investment in its premises and equipment. A new showroom would provide a dedicated space to meet customers, while specialist machinery would improve its workshop facilities. The company needed a business loan that would fund these investments over the longer term, allowing it to move forward with its plans while keeping repayments manageable.
2.
Challenge
The combined cost of the showroom fit-out and specialist machinery upgrades required a substantial funding commitment. The company wanted long-term finance suited to its investment plans, without securing the borrowing against property. It needed a lender willing to support the proposed expenditure and a repayment structure that would spread the cost over time, allowing the business to invest in its facilities without placing unnecessary pressure on cash flow.
3.
Approach
CBF reviewed the company’s investment plans and identified the SBCI Future Growth Loan as a suitable option. We worked with the business to prepare the funding application and presented the case to the lending partner. The application secured a €500K unsecured facility over 10 years, providing the long-term finance required for the showroom fit-out and specialist machinery, without the need for property security.
