Brief

A new client, introduced to Breadalbane through a trusted intermediary, operates a care home in Southport with 30 rooms for residents. The building was valued at approximately £1M with a small outstanding mortgage. However, the client urgently needed cash to begin an extension project to expand the kitchen and lounge areas and to purchase a minibus for resident excursions.

Challenge

Time was critical, as the client needed to secure funds quickly with building works scheduled to start the following month.

Solution

Given the business’s strong financials, Breadalbane arranged a quick unsecured loan, completed in just over a week. This approach bypassed the need for property valuations and legal processes, which would have been necessary for a secured loan. Additionally, a competitive Hire Purchase (HP) deal was secured for a second-hand minibus.

Outcome

With timely funding, the care home commenced building works as planned, extending the premises and enhancing facilities. The hire purchase of the minibus enabled future resident outings, improving the quality of life for the residents.

Client Testimonial

“I am very happy I was introduced to Laura from Breadalbane, who helped us obtain finance for a minibus for the residents at our care home as well as an unsecured loan for the property extension. Laura found us a great deal for the minibus, which we couldn’t turn down, along with a loan from another funder. The agreements were completed swiftly, and the funds were deposited into our bank in less than a week. I can definitely recommend Breadalbane. Many thanks.”