Summer has now gone, and we have to look forward to the long, dark winter with the economy still depressed but with a few positive signs to encourage us.

Welcome to the latest edition of Safeguard Commercial Finance Limited's newsletter giving a view on the commercial finance marketplace.

Banks still have a tight grip on their lending, with some of them maintaining their policy of not lending against property. This has been a benefit to Safeguard Commercial Finance Limited, as we have working relationships with several different lenders and keep up to date with who is lending, what they are lending for, and their regularly changing lending criteria. As a result, we have been able to meet the requirements of many of our clients, most of whom had been declined by their usual lender due to the current economic climate.

In previous newsletters, I have mentioned individual sectors of commercial finance but this time I have decided to give some examples of cases which have been successfully placed by Safeguard Commercial Finance Limited. They cover a few of the sectors offered, with one notable exception at present being development finance which is still not in flavour with lenders due to the residential mortgage market. However, there are still lenders active in this sector who are looking for more business.

If you have any queries or potential business opportunities, please do not hesitate to contact me.

Regards

Alan Wigham

Case studies

£200k facility including a remortgage of £120k to enable the purchase of an adjacent factory. A further £350k deal is imminent.

£460k facility including a remortgage of £140k of residential investment properties. The client has been able to purchase more properties and take advantage of low property prices.

£200k commercial mortgage to enable the refurbishment of a shop and two flats on the first floor.

£110k commercial mortgage being 100% of the purchase price of the property. Further security was available.

£140k commercial mortgage on commercial investment property with a further £250k planned within a month to remortgage residential investment property.

Refinance of a 12 year old double decker coach over 4 years.

Refinance of an 18 year old crane over 3 years.

Refinance of double glazing manufacturing machinery over 3 years.

Finance of a Mercedes Benz Sprinter van.

An offer to release cash from a debtor book of a client who had been unable to secure similar offer of required funding from his bank’s factoring division.