View our number of successful case studies on business loans/ finance which has in turn helped businesses grow. See if we can help you today.

Urgent assistance to redeem an outstanding debt

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A client who Genie Lending had previously assisted with a commercial property loan two years ago, approached us for urgent assistance with one of her trading businesses.

Since we had last spoken, she had acquired (18 months previously) a wholesale butchery business and now sought our assistance as their working capital provider. A subsidiary of a clearing bank, had withdrawn from the market giving the client only 30 days to redeem the outstanding debt and structure a replacement working capital facility amounting to £40K.

There were challenges attached, not least of which the fact that, due to a temporary cashflow glitch in July, the direct debit for that facility had been returned unpaid and, whilst the last filed accounts were available, the company does not produce management accounts.

A strong case was, however, made to trusted lenders and Genie was able to deliver a revolving credit facility of £15K together with a 36 month loan both at a keen rate of interest with no security beyond the director’s personal guarantee.

The company could, therefore, redeem the existing debt and benefit from a facility as flexible as the previous one without the reporting requirements that the clearing bank funder needed. The added advantage of the debenture security, previously required to support the director’s personal guarantee, being released just added to the upsides.

Whilst Genie Lending provide business finance, we also endeavour to go beyond our remit and obtain the best possible outcome to benefit our clients. In this case, we not only obtained competitive funding, we also improved their financial situation!

If your business has found funding difficult to obtain you can trust Genie Lending to go to every extent to provide the correct finance quickly, for the result you want. As well as the household names in the industry we have access to proven lending sources who you will not find on the high street. Our aim is to help UK SME’s obtain funding for all their business requirements, whether that be growth, acquiring premises, paying HMRC liabilities or simply working capital. Genie Lending can assist with complete finance solutions.

Flexible funds for business expansion

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As any business knows winning a new contact is a superb feeling especially in this tough uncertain financial climate. Clients moving with sustainable customer demands is at the heart of today’s  survival. In order to do this, commercial funding may be able to provide a flexible way to meet those demands while a business gets up and running with new systems or assets.

In this case our client, a building contractor based in Dorset recently expanded their current business to offer a full design, planning and build service for clients. Due to the success of this expansion, the company needed additional funds for cash flow however wanted much more flexibility than a traditional cash flow loan.

Genie Lending were able to put together an unsecured revolving credit facility of £25,000 that can be drawn down and paid back at anytime during the life of the facility. Interest is charged daily and only on any outstanding balance so there is no long-term commitment and you only pay for what you borrow.

The facility took just 4 days to put in place with funds available to the client.

Facilities are available between £10k and £2m however additional security may be required.

If your business has found funding difficult to obtain you can trust Genie Lending to go to every extent to provide the correct finance quickly, for the result you want. As well as the household names in the industry we have access to proven lending sources who you will not find on the high street. Our aim is to help UK SME’s obtain funding for all their business requirements, whether that be growth, acquiring premises, paying HMRC liabilities or simply working capital. Genie Lending can assist with complete finance solutions.

Vehicle Finance Loan for a repeat customer from the South East

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A security company from the South East returned to Genie Lending for finance to purchase an additional vehicle for the business.

Purchasing a new vehicle can be a big expense for a SME. In this case it was a necessary requirement for the business. There are many obvious avenues for vehicle leasing or vehicle purchase via a van or car dealership however these can often have restrictions and clauses in the finance which are not in harmony with the clients business plan.

It may seem like an unusual choice for some to approach a commercial finance broker for vehicle finance when you could go direct but there are many benefits to negotiating with a known cash sum. In this instance the security company was a repeat client who knew and trusted Genie Lending. They had not yet found a vehicle and were concerned to over committing to a high cost vehicle through a main dealer, and taking on the long term commitment of a lease scheme. 

The case manager discussed the requirements with the directors and it was concluded that an unsecured business loan would be the best option, in order to give the company freedom of choice over where they purchased the vehicle and also additional negotiating power.

The case manager was able to present the case to lenders and achieve two offers of funding within 24 hours, eventually having funds released to the client within 4 days of initial contact.

If your business has found funding difficult to obtain you can trust Genie Lending to go to every extent to provide the correct finance quickly, for the result you want. As well as the household names in the industry we have access to proven lending sources who you will not find on the high street. Our aim is to help UK SME’s obtain funding for all their business requirements, whether that be growth, acquiring premises, paying HMRC liabilities or simply working capital. Genie Lending can assist with complete finance solutions.

Helping a property developer in Gloucestershire to realise a new business opportunity quickly

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At Genie we see some complex cases and this one is a shining example of how our case managers can make the near impossible, possible. A limited company approached us with a substantial directors loan to repay, requesting £100,000 cash to do so. The directors loan had already been used in the purchase and refurbishment of a property vested in the company name. The directors did not want to sell this property, now worth £185,000 but needed £100,000 rapidly for other business opportunities.

A traditional Buy to Let mortgage would seem the obvious choice, however as the director had recently been involved in the liquidation of another business, the mainstream Buy to Let lenders were not prepared to lend, so we took it upon ourselves to look at other fast funding options.

Other non-mainstream lenders were willing to lend but the upfront costs and longer timescales made this option prohibitive, the solution our case manager came up with was more than the client hoped for, a bridging loan requiring no valuation, no personal guarantees and no debenture! Interest at a low rate of 0.75% per month over 12 months, deducted from the loan.

Our Genie case manager made this happen in a 12 day turnaround from the time of receiving the lenders terms to completion and funds transfer.

If your business has found funding difficult to obtain you can trust Genie Lending to go to every extent to provide the correct finance quickly, for the result you want. As well as the household names in the industry we have access to proven lending sources who you will not find on the high street. Our aim is to help UK SME’s obtain funding for all their business requirements, whether that be growth, acquiring premises, paying HMRC liabilities or simply working capital. Genie Lending can assist with complete finance solutions.