April 16th, 2014

We are delighted to share with you details of a new client who has successfully secured new premises in which to house his business.

Home Instead is a well established and highly respected UK home care provider. Home Instead Senior Care is part of a worldwide organisation devoted to providing the highest quality care for older people in the comfort of their own home.

The clients had identified a possible property but had no idea how to look at procuring funding and initially spoke to Paula Reeves of Bright Wealth Management (www.brightwm.co.uk) Paula was used to advising David on his investments in general, but when it came to acquiring new offices for his care home business, things were not straightforward. David’s existing bank were seemingly not interested in funding the purchase.

Paula brought 2XL Commercial Finance into the picture and worked closely with them to structure a deal. Once the structure was formulated – to provide a long-term property investment for David – 2XL returned to the bank on David’s behalf and the deal was sanctioned. David commented, “Whilst it’s usually your own bank that you approach for any business funding either short or long term, sometimes it’s good to step back and ask advice from other people.

Paula was able to look at the overall situation from a purely professional point of view and make the necessary introductions. From then on in all the initial problems were taken care of. Having identified that the business had been trading well with an experienced individual at the helm and with the client already paying out rents almost 3 times what the new loan payments would be, it seemed a “no brainer“ to purchase the building to secure a permanent location for the business and a presence within the North West.

David Moore owner of the franchise commented:

“I can confirm that it has been a pleasure working with you and your team. Firstly, the promptness with which you found bank funding and particularly, the great rate of interest you secured, and with our existing bank! Throughout the process Darren Willoughby was proactive, ensuring that all matters were running smoothly and intervened when necessary to expedite the process in a timely manner. From start to finish I have had every confidence that you have been on the case and have had our best interests at heart. I would have no hesitation to recommend your services to anyone who is looking for funding in these difficult times”.