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Peer To Peer Loan

Business Case Studies

Our client required business finance to complete a retail refurbishment in time for Christmas trading.

We were able to secure a peer to peer loan within 48 hours. The retail refit was completed in time and the client had a profitable trading period.

About

Our client needed business finance to complete a shop refurbishment in time for the Christmas trading period

You & Beyond is an independent jewellery retailer based in Stamford, Lincolnshire. The owner was pressing ahead with a shop refurbishment in time for Christmas trading and had been liaising with their high street bank to secure a business loan. Progress on the loan was slow and when the client hadn’t heard from the bank for a period of two months they became increasingly frustrated and contacted us to seek alternate finance solutions.

The client was seeking £150,000 of business finance to fund the refurbishment. One of our Directors, John Shevlane, has worked as a Finance Director in the retail sector and understood the need for immediate action; Christmas trading being the period where most company profits are made.

The Borrowing

After a thorough review of the company and client we recommended the most suitable product based on their circumstance. A Peer to Peer Loan application was prepared for the client and funds were secured within 48 hours at rate of 5.5%. This enabled the client to go ahead with the retail fit out within the given time frame.

The client had an extremely profitable trading period as a result of the retail refurbishment and business continues to prosper.

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