Reparo regularly helps businesses that have been let down by their original lender. Because Reparo can process a loan application quickly they are perfectly placed to step in when other lenders have backed out.
Because one of Reparo’s expert team looks at each case individually, the approval process is simple and quick. In this article, we’re going to take a look at a situation where Reparo were able to step in and help salvage a deal.
A business came to Reparo with an immediate need for funding. They were acquiring land for a property deal that involved buying the plot, gaining planning permission then selling to property developers.
As the deal neared completion, the original funder proposed new terms and were unable, or unwilling to deliver on the originally quoted terms. The new terms were far less attractive to the business and prompted them to seek alternative funding options. This is when they approached Reparo.
One of Reparo’s commercial lending experts, Liam Killen, explains the initial meeting, “The business needed to move quickly to put fundraising of £800,000 in place. We met them the next day and immediately understood the deal. Within 24 hours we’d mobilised our team to get the deal processed.”
Reparo were able to complete their due diligence quickly. Below are some of the steps that Reparo went through to get the loan processed:
Liam was very satisfied with the process, “It was very pleasing to help the client. They’d found themselves in a difficult situation, and we were able to help by using our expertise, relationships and efficient process to get this across the line”.
The funding was put in place in time to complete the deal, and the business was able to proceed with a loan structure that suited their requirements.
Don’t Hesitate to Get in Touch
To discuss a loan between £10,000 and £1m, please get in touch with one of the team on firstname.lastname@example.org or 0161 451 5714. You can find out more about us on our website: www.reparofinance.co.uk