Fast funding saves family business

Fast funding saves family business

Clever Lending and Together have managed to help a daughter save the family business her late father built up.

The customer had inherited her father’s business and was determined to make a success of the company, but needed funding fast to deal with some existing debts.

She was introduced to Clever Lending by her mortgage broker, to boost cash flow so she could realise her plans for the business. They brought the case to Together.

After reviewing the application, the specialist lender agreed to provide a loan of £37,670, secured against commercial property.

Laleta Buctkuar (pictured), key account manager for Together, said: “We were delighted to be able to help our customer to preserve her dad’s beloved business. We looked carefully at her situation and, applying our philosophy of common sense lending, were able to provide the finance needed.”

Sonny Gosai, head of specialist lending at Clever Lending, added: “Thanks to our relationship with Together and their flexible approach to lending, we were able to help keep alive a client’s dream of keeping her father’s business in the family.”