What Intermediaries Can Expect from Working with Reparo Finance

Sometimes, businesses need finance but fall outside the scope of that provided by traditional lenders.

It could be that the company needs the cash faster than banks can process the loan. Or, it could be that the business doesn’t meet the bank’s lending criteria, perhaps because it is a new business without a history of revenue.

Whatever the reason, it leaves the business in a tough situation – unable to access the capital it needs.

This is where Reparo Finance can help. We are a small team of experienced commercial lenders who do things differently. We provide financing solutions to businesses that can’t access funding through banks, or that need a lending decision faster than banks can deliver.

We work with brokers and directly with company owners, who have a solid business case and adequate security.

Where Reparo Can Help

Businesses come to Reparo for loans for many different reasons; here are a few:

• Commercial property
• VAT or HMRC payments
• Acquisitions, MBO, and MBI
• Working capital
• Plant and machinery

What Products Does Reparo Finance Offer?

Reparo Finance offers three products that can help business in a range of situations.

Reparo Loan

Our main product is asset-backed loans of between £25,000 and £1 million. Companies that qualify for one of these loans are those that have a clear plan to pay back or refinance the loan within the next 24 months.

These loans have a typical loan-to-value ratio of 70% against the sum of all borrowing, or 60% if Reparo is the second charge holder. Companies will need an asset that can be independently valued that they will use to secure the loan.

Additionally, they will need a clear business case for receiving the loan. As with all our products, we will only work with company directors we feel we can trust.

Reparo is happy to provide a stand-alone facility or lend alongside other finance providers.

Long Term Loan Product

This is a loan with a term of up to five years. Like the Reparo Loan, we will take into consideration whether the owners or directors of the business are trustworthy, as well as if they have a clear plan to pay it back.

We provide these loans of up to a maximum of £500,000. We require the business owner to put up property or land as security for the loan. The loans come with up to six months of interest-only payments, and the loan will be amortised over the loan term.

Fast Track Finance

Fast track finance loans are available starting at £5,000 up to a maximum value of £50,000. These loans are payable over 52 weeks and don’t necessarily require business assets as security.

The loans require a personal guarantee from at least two directors at the company, both of whom must be UK residents and homeowners. The equity in personal property must be at least three times the loan amount.

Why Choose Reparo?

Reparo has many advantages over other lenders; here are a few:

We Make Decisions Fast

At Reparo, we know how important it can be in some situations to complete a loan quickly. Businesses that choose to use Reparo can have a decision within hours and can have the deal completed within days.

This speed makes us the perfect choice for companies that need a sudden injection of cash to take advantage of a new opportunity or get through unexpected difficulties.

We Have a Team of Partners that Help Get the Deal Done

Putting a deal in place at short notice can be complex, especially mobilising partners like solicitors and surveyors to help complete the deal. At Reparo, we work with a team of experts that not only provide great service but also understand the need for making decisions quickly.

We Pride Ourselves on Flexibility and Efficiency

The final decisions on whether to provide a loan are made by a small credit committee. The committee isn’t limited by the time of the day or by a set number of preexisting conditions.

The committee members are involved in the decision from start to finish meaning there is less chance of last-minute issues stopping a deal going through.

Our Team of Experts Analyse Every Deal

All our commercial lenders have at least ten years’ experience, making them perfectly placed to analyse the applications we receive. This expertise means we don’t have to rely on rigid lending criteria and are instead well placed to look at the individual merits of each application.

Our Process is Simple

We do as much as we can to ensure the process is simple. We understand that taking on a loan is a huge decision for most businesses, so we always try to avoid unnecessary complications. This means our process is easy to get to grips with, and our documentation is transparent.

Become One of Our Satisfied Clients

Reparo has had many happy clients over the years; here are three of the most recent:

Experienced Entrepreneur with New Company Receives Loan for Land

In this deal, Reparo helped an entrepreneur fund an acquisition of land. The entrepreneur ran a successful business but was acquiring the land through a new company with no history. This meant banks were unwilling to lend.

The owner was happy to provide a cross-guarantee, which meant Reparo was able to fund the loan. The deal went through quickly.

Growing Startup Needed Loan to Ease Cash Flow Troubles

This business came to us to gain a loan to ease cash flow challenges caused by growing sales and the need to replenish stock.

The owners of the business were both experienced entrepreneurs and had each put in their own funds. This gave us the confidence to make a loan based on the strength of a personal guarantee.

Property Developer Receives Cash Injection to Finish Project on Time

This property developer needed a loan to ensure it was able to deliver a project on time. The business needed the money quickly, which ruled out a mortgage.

Reparo provided the company with a quick loan that will be in place for six months, after which time the developer will refinance to a long-term mortgage. If your business is looking for an alternative source of funding, please get in touch with Reparo. Call 0161 451 5714 or send an email to sales@reparofinance.co.uk to find out more.