Care home business looking to expand

Term: 10 years
Amount: £125,000
Feature: buy-to-let property used as security

The owners of a well-established care home approached Accredo as they were looking to expand their business but didn't have the funds available to do so. They required a lump sum to purchase the lease of a new 10-bedroom care home and also some extra working capital to allow them to bring the property in line with current regulations.

Outcome

With a second charge over the director's buy-to-let property as security, Accredo was able to provide the company with £125,000 over a 10-year period, keeping their repayments as low as possible, and the funds were released in time for completion of the purchase.

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Short term business loans

Our short term facilities have a transparent payment profile of anything from 3 - 18 months allowing your clients to free up cash flow to run their business.

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Our longer term facilities are available for periods of 5 to 10 years.

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Secured equipment leasing

Purchasing equipment outright often requires a significant investment. Accredo provides secured equipment leasing options for most asset types including second hand equipment as well as leases for intangible assets such as software.

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