This convenience store owner was in the process of fitting out two separate stores but needed additional funding support to bring their plans to life. They turned to us for help securing the right finance solution to complete both projects smoothly and on time.
The Challenge
This business had previously approached several other banks in search of funding but ultimately decided to decline the offers. The rates they were given were too high, making the proposed finance solutions unaffordable and unsuitable for the business in the long term. Rather than risk taking on funding that could put unnecessary strain on their cash flow, they continued to search for more competitive options that would better support their growth plans.
The Solution
Moorgate Finance were able to provide funding of £200,000, structured as two £100,000 unsecured loans. Both loans were set on a 60-month term to ensure the repayments remained manageable for the business. The funding was strategically arranged six months apart, allowing the owner to focus on upgrading each store individually and ensure both locations became fully operational without disruption. Additionally, one of the £100,000 loans was secured through a lender’s Government Growth Scheme product, meaning it was government backed and provided at a highly competitive rate. This funding has enabled the business to create continuity across both sites while significantly improving their modernity, customer experience and overall accessibility.
The Highlights
✅ £200,000 unsecured business loan funded for a convenience store owner
✅ The loans were structured as two £100,000 loans set on a 60-month term
✅ Loans were strategically arranged six months apart to ensure they were both fully operational
Give us a call on 01908 92 62 62 or head to www.moorgatefinance.com/apply-now to start the conversation.