Expanding a Business with a Bridging Loan

Challenge:

The client, an established retailer, was looking to expand their operations by acquiring a larger storefront in a prime location. However, the ideal property was only available for a short time, and the client’s existing business loan application with their bank was still under review. The delay meant they risked losing the property to a competing buyer.

Solution:

Jemrex Capital provided a bridging loan of £150,000 within 48 hours of the client’s application. With a fast and straightforward approval process, the client secured the necessary funds to complete the property transaction without waiting for their bank loan approval. The loan terms were tailored to align with their cash flow, giving them flexibility while minimizing financial stress.

Result:

The client successfully purchased the property and began renovations within a month. With increased space and a more prominent location, the business saw a 40% increase in sales within the first year. The bridging loan was repaid promptly upon receiving the funds from their approved bank loan.