Nursery expansion

Time-critical finance:

Term: 5 years
Amount: £150,000
Feature: payment holiday

An established children's nursery approached Accredo looking to buy additional premises.

They required multiple drawdowns to complete the purchase and for refurbishment costs with flexible payment terms that allowed the new venture time to generate additional income.

Outcome

Accredo provided £50,000 to fund their deposit, with an initial 6 months' payment holiday. We then provided a further £100,000 to complete the purchase and cover refurbishment, with another 4 month's payment holiday.

Related frequently asked questions

Do you offer flexible payment terms for new start businesses?

Yes, we are happy to offer a low start payment option and in some circumstances we are happy to consider seasonal repayments.

Is additional funding available once the first deal is in place?

We are happy to consider a further advance once your first agreement is live. 

If sufficient equity is available the additonal borrowing can be attached to our existing charge.  If there is not enough equity an alternative property can be considered.

Our Products

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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Long term business loans

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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Contact us

We're here to help so if you would like further information about the products and services we offer, our experienced team are ready and waiting to assist.

Tel:  01444 255915

Fax: 01444 255910

Email: customerservices@accredoltd.co.uk

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Our products

We provide secured business loans from £25,000 to £1,000,000 specialising in solutions for new-starts, difficult credits and established companies. We lend against residential, commercial, mixed-use and buy-to-let property. 

We aim to give decisions in under three working hours. Our repayment terms are from 3 months to 10 years. And we offer fixed repayments or flexible terms such as seasonal payments, payment holidays and interest-only.

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Frequently asked questions