Commercial Mortgage
Date: January 2021
Location: Torbay
Description: SWBF assisted accomplished individuals who were looking to buy a quality large guest house in Torbay, with a good stake but no past sector experience. We were able to secure competitive funding from a local high street bank based upon the quality of the business and the applicants transferable skills.
Asset Finance
Date: December 2020
Location: South Devon
Description: A local accountant practicing acquired another local practice, where the vendors wanted to retire. While the transaction was initially delayed due to COVID-19, SWBF was able to find a specialist lender who was able to recognise the strength of the applicants and assist, and asset finance was used to fit out the new office with the necessary equipment.
Development Finance
Date: November 2020
Location: Weston-Super-Mare
Description: SWBF organised £137k development finance to support the development of a property on land in Weston-Super-Mare.
Bridging Finance
Date: October 2020
Location: Shepton Mallet
Description: SWBF assisted with a £250k Bridging loan on a closed pub in Shepton Mallet, to support the purchase whilst the client seeks planning permission to convert to residential property.
CBILS Loan
Date: September 2020
Location: Cheltenham
Description: CBILS loan to support a farm machinery business impacted by COVID-19. Business exports specialist machinery across Europe, and the delays to orders from border closures had a big impact on cash flow.
Commercial Mortgage
Date: August 2020
Location: Wiltshire
Description: SWBF organised a commercial mortgage to allow a domestic heating and plumbing company to acquire the premises it had been renting for many years.
Refurbishment
Date: July 2020
Location: Bradford on Avon
Description: SWBF assisted with funding for a £600k refurbishment project in Bradford on Avon.
Property Portfolio Acquisition
Date: June 2020
Location: Bath
Description: SWBF assisted with a £7 million property portfolio acquisition overcoming many hurdles in the process.
CBILS Business Loan
Date: May 2020
Location: Wiltshire
Description: SWBF were pleased to have assisted a business supplying property and liability services to the insurance industry with their successful NatWest CBILS application.
Buy to Let
Date: April 2020
Location: Bath
Description: A £600k remortgage buy to let where the lender worked well with us as the EPC expired just prior to completion. The lenders policy stated it needed to be in place, but with lockdown we were unable to get an assessor to the property. We sent the assessor all the information we could regarding the property and they agreed to give an “estimate” for the rating based on what they would expect, and the lender agreed under the circumstances to accept this with a full assessment to be carried out when we are able.
Buy to Let
Date: March 2020
Location: Bath
Description: £485k Buy to Let mortgage organised in Bath for a property purchase.
Buy to Let
Date: February 2020
Location: Bridgwater
Description: SWBF recently assisted with the re-mortgage of development finance following the completion of a new build in order to term out the debt and release funds for the next project.
Business Loan
Date: January 2020
Location: Corsham
Description: A business loan of £150,000 was sourced for a local business to purchase a woodland.
Property Investment
Date: December 2019
Location: Bath
Description: SWBF recently completed a re-mortgage of a property portfolio of 10 buy-to-lets to raise finance for other business opportunities. We were able to achieve a higher LTV than the existing lender and it was completed in a quick timescale.
Unsecured Lending
Date: November 2019
Location: Bath
Description: An unsecured business loan of £350,000 was sourced to fund a gap in cashflow due to the company changing its employment processes. This was provided on an affordable 5 year repayment plan.
Invoice Finance
Date: October 2019
Location: Bath
Description: Invoice finance was sourced for a manufacturing business who specialises in installing technologies for railway rolling stock. Despite the business being highly contractual we were able to find a lender who was happy to support.
Property Development
Date: September 2019
Location: Somerset
Description: SWBF recently sourced £2,500,000 of development finance to develop a 10 unit scheme in Somerset. Lending was sourced at 70% LTGDV as capital was tied up in other on-going products.
Development Finance
Date: August 2019
Location: Bath
Description: We assisted with £750k development finance to fund the refurbishment and extension of a Grade 2 listed building derelict house. Following completion the development finance was repaid, refinanced and increased to £1million for a further 5 years to enable client to establish an AirBnB business and to enhance capital value
Development Finance
Date: July 2019
Location: Bath
Description: We assisted a developer with £2.5million of lending with 75% LTV to re-pay expired development finance to enable properties to be marketed for longer to achieve the sale price. We were able to reduce the cost of the debt and extend the time for the client to sell rather than having to sell at a reduced price.
Development Finance
Date: June 2019
Location: Frome, Wiltshire
Description: We assisted our client in funding the development of 25 smaller industrial/commercial units in Frome, Wiltshire. Smaller units were identified due to a shortage in the local market place. This enabled local business to purchase/rent much better quality and better located accommodation for their businesses. In fact, 75% of the units got pre-sold during the development.
Development Finance
Date: May 2019
Location: Cornwall
Description: A developing and contracting building company approached us for support for demolition of a pair of semi detached bungalows for construction of 4 detached houses laid out over 3 floors. Competitively priced funding with straightforward conditions was arranged with a High Street bank enabling building to commence.
Commercial Mortgage
Date: April 2019
Location: Isle of Wight
Description: Approached by client who had identified premises that he wished to purchase to operate own photographic business from to provide larger space for framing and increased storage space.
Asset Finance
Date: March 2019
Location: Newton Abbott
Description: Asset finance sourced for a new limited company needing a lifestyle vehicle for outside training events
Asset Finance
Date: February 2019
Location: Bristol
Description: Purchase of a café where finance was needed to meet the purchase price, SWBF was able to secure a £17600 Asset finance deal over 36 months against the fixtures and fittings of the business.
Business Acquisition Finance
Date: January 2019
Location: Bristol
Description: Majority shareholder looking to exit established successful trading business employing 5-6 staff. Staff who wished to purchase the business and needed finance towards this, unsecured loan of £95,000 over 60 months agree to help with buy out cost.
Bridging Finance
Date: December 2018
Location: Bath
Description: SWBF was approached to generate an additional £300,000 of working capital for a Wine Distributor. Following a comprehensive review it was decided to use an unencumbered Buy to Let property to generate the funds by way of a 12 month interest only Bridging Facility.
Raising Finance on Commercial Units
Date: November 2018
Location: Bristol
Description: An established property developer and investor, with unencumbered properties and demonstrable experience and income was unable to be supported by his existing Bank due to age. Following an opportunity to purchase property for development, funding was raised for purchase on commercial units and against the rental income which enabled target property to be purchased.
Bridging Finance
Date: October 2018
Location: Bath
Description: Following an urgent request from a partnership client requiring a loan facility to assist with the purchase of development land, SWBF arranged the provision of a £105k bridging loan within 20 days of the original request.
Bridging Finance
Date: September 2018
Location: Swindon
Description: SWBF assisted with a short term loan to enable the client to purchase, renovate and sell a residential property in Swindon.
Asset Finance
Date: August 2018
Location: Bristol
Description: A client was referred to SWBF after their High Street Bank was unable to assist with the purchase of a trading business in Bristol. We arranged for the fixtures and fittings (soft asset element) of the business to be funded via Asset Finance funder over a period of 3 years
Invoice Finance
Date: July 2018
Location: Bath
Description: Craft Brewery business unable to obtain working capital funding from their bank. SWBF successfully arranged the provision of a new £250,000 Confidential Invoice Discount facility to assist with the growth of the company.
Commercial Mortgage
Date: June 2018
Location: Bath
Description: Commercial Mortgage Loan arranged to provide our client with a £700k facility, representing 100% of the purchase cost
New Business Set Up Finance
Date: May 2018
Location: Bristol
Description: Experienced business man, looking to set up new bar, needed finance to complete the new premises totalling £90,000. SWBF worked with the current bankers and asset finance lender over 36 months to fund the fit out & soft assets of the set up.
Working Capital Bridging Finance
Date: May 2018
Location: Bristol
Description: SWBF was approached to generate an additional £300,000 of working capital for a Wine Distributor. Following a comprehensive review it was decided to use an unencumbered Buy to Let property to generate the funds by way of a 12 month interest only Bridging Facility.
If you want help securing funding for your Bath, Bristol or
South West based business, call us on 01225 800849
