Commercial Finance Case Studies Northern Ireland

Here are a collection of recent case studies. We help small and medium-sized businesses throughout Northern Ireland access commercial finance. We offer independent credit brokerage services and improve access to a wide range of funding products from a panel of lenders from high street banks to alternative funders. The following are real-life examples of business loans we have previously brokered for valued clients. 

Loan Amount

Secured Finance £150,000-£200,000

Industry

Agricultural Finance Northern Ireland

Purpose

Farm holding, Northern Ireland

Funding solution: Bridging loan

Funding solution

Agricultural Finance for Expansion of Farm

In Summer 2021 Johnston Financial Solutions secured bridging finance for a client in Northern Ireland to enable the client to take on a new farm holding and expand

Commercial finance can help farm owners with innovation and expansion. In this case a bridging loan allowed the business to invest in a new farm holding and expand the production capacity of the dairy farm in  Northern Ireland.

Business owners often feel constrained in their choice of finance solution and provider. However, as an experienced independent broker, Johnston Financial Services can source suitable funding solutions from a panel of active lenders, including traditional banks and alternative funders.

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Loan Amount

Secured finance £250,000

Industry

Construction Industry Finance Northern Ireland

Purpose

Cash Flow Funding for a construction company in Derry County Londonderry

Funding solution: Corona Virus Business Interruption Loan Scheme (CBILS)

Funder: Alternative funder

Building Firm Finance

Funding solution Recovery Loan Scheme

The Recovery Loan Scheme (RLS) launched on 6 April 2021 to help Northern Ireland businesses access finance as they recover and grow following the Covid-19 pandemic. RLS effectively replaces the CBILS funding. The new RLS scheme aims to help businesses affected by coronavirus and can be used for business purposes, such as managing cash flow, investment and growth.

A key aim of the scheme is to improve the terms on offer to businesses. Businesses who have taken out a Coronavirus Business Interruption Loan Scheme (CBILS), Coronavirus Large Business Interruption Loan Scheme (CLBILS) or Bounce Back Loan Scheme (BBLS) facility are able to access the new scheme.

Extension of Recovery Loan Scheme

At Autumn Budget 2021 the Chancellor announced that the Recovery Loan Scheme will be extended by six months to 30 June 2022, having already seen total funding of over £1bn offered to businesses by the scheme’s diverse range of accredited partners.

Note It is important to note that if you are approved for a Recovery loan, you will be liable to pay the RLS interest payments and fees from the outset. The guarantee is to the lender and not to the business.

Am I eligible for a Recovery loan?

To receive a business loan under the Government’s Recovery Loan Scheme (RLS), you’ll need to meet the following criteria:

  • Business has been impacted by coronavirus
  • Minimum of 2 years’ trading history
  • Must be a limited company or limited liability partnership (LLP)
  • Business is trading in the UK
  • Loan is for business purposes (i.e. working capital or investment, and to support trading in the UK)

If your business has been affected by the coronavirus pandemic and you’re looking for extra funding, the Recovery Loan Scheme (RLS) could be a good option for you.

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Businesses in Northern Ireland can apply for the Recovery Loan scheme to:

  • Access cash flow
  • Grow your business
  • Purchase equipment
  • Pay a one-off cost
  • Help with payroll
  • Invest in marketing

Johnston Financial Solutions broker business loans for the Recovery Loan Scheme to help all sizes of business in Northern Ireland recover and grow post pandemic. The Recovery Loan Scheme (RLS) doesn’t require personal guarantees on loans up to £250,000. If you wish to borrow more than this, you will be required to provide a personal guarantee.

How to get a business loan under the Recovery Loan Scheme?

Apply for the Recovery Loan Scheme (RLS) today-Call Mark Johnston

We’ll then assess your business case and confirm if you are eligible. You could have a decision with 48 hours. Given the current economic climate, many business owners are wary of approaching lenders. An independent finance broker can assess the business and set out options for a client seeking finance. Some preparation work may be needed to reach the best solution. Johnston Financial Solutions act as a critical link within this process and break down barriers in communication and prepare a roadmap of the funding process. Support clients from initial contact to draw down of the funds. 

Loan Amount

Secured finance £250,000

Industry

Hire Purchase Finance Northern Ireland

Purpose

HP Finance  for Vehicles, Plant & Machinery

Funding Solution Recovery Loan Scheme

Commercial Finance

fleet of white commercial vans

Funding solution Hire Purchase

Recovery Loan Scheme-Purchase of vehicles and machinery equipment

In September 2021 we have brokered finance under the Recovery Loan Scheme ( RLS) for a client in order to purchase new vehicles, and machinery under Hire Purchase. The advantage of this was that the client was able to arrange HP on favourable terms and the loan did not require any directors guarantees.

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Loan Amount

Secured finance £250,000

Industry

Commercial Land Finance Northern Ireland

Purpose

Restructuring finance for Commercial Land

Funding Solution Bridging facility

Commercial Finance

Funding solution Bridging Finance

What is commercial bridging finance?

Commercial bridge loans, also known as commercial mortgage bridge loans. They are short-term commercial real estate loans that are used for the purchase of commercial properties when permanent financing is not an option. Their primary use is when a property needs significant renovation before it will qualify for permanent financing.

Commercial bridging, also known as a commercial bridge loan is lending on commercial property, such as offices, retail units or industrial premises. It can also be used by those who want to purchase or refinance larger or more complex residential properties.

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What our clients say..

Moving On Up, a day opportunities centre for young people and adults with mild to moderate learning difficulties has relocated into new, purpose-built premises in Limavady following an almost £300,000 investment. We acquired the plot and secured the planning permission for its development.

We were fortunate also to have a great team Johnston Financial Solutions, who provided us with expert financial guidance and helped us secure the finding for the new building with Ulster Bank. Mark who showed real passion for our work, and worked tirelessly with us to make sure we were in the best possible position to secure the funding from the bank. I would 100 % recommend Mark Johnston to anyone who is looking to take on a commercial new build project like this for their business.

Angela McDonald, Moving On Up

 I have a small engineering company called Central Tankers Services, Limited, based in Mid Ulster. We manufacture,  vessels for the carriage of fuel oils and fuel oil products for the fuel distribution industry. Mark was able to help us to get funding for our new product and our new machinery that we required in order to update our manufacturing processes.

Mark is  very easy to talk to and very professional. He made the process very easy for me, asked the key questions that I needed to answer. Then Mark went ahead, did all the work in the background and contacted me with the good news when we had received the funding.

I would have absolute no problem recommending Mark’s services to anyone who finds himself in my position, a small, medium-sized business that needs additional help. Mark has a no-nonsense approach, gets the job done

Robert Mc Neill, Central Tanker Services ltd

During a Financial Review Mark identified a significant cost savings for our Business. Implementation of the solution was simple with no disruption for our customers. The outcome of this will be that we can redirect these valuable resources towards continuing to enhance and grow our existing services.

Niall McKeever, Airporter

Since working with Johnston Financial Solutions we have made significant improvements with our business including greater business efficiency and improved financial structures. Following an initial assessment JFS challenged our thought processes and helped put clear and simple solutions in place that helped us to drive our business forward.

The outcome has been that we are now able to spend more time with our customers. Improved service levels and more satisfied customers has meant more customer referrals and more sales.

Kevin McCool, KMC Tyres

Since engaging with JFS City of Derry Equestrian Centre have developed financial processes that are now much more efficient, reducing admin time significantly and allowing us to focus more of our time on our clients and business development. We successfully secured Bank funding and the Rural Development Funding that has helped us achieve significant growth in terms of both turnover and staff. We are continuing to examine further growth opportunities going forward.

Pauline Lusby, City of Derry Equestrian Centre

How can we help you to get a Business loan?

Johnston Financial Solutions help business owners throughout Northern Ireland access commercial finance for a wide range of purposes. You may want to refinance existing business loan facilities with a bridging loan. Or perhaps we can help you arrange asset financing for short-term funding needs. Is your business is ready to move forward with commercial property loan for expansion? Our clients are happy because we help them find the right funding solution for their needs. We do not shy away from the tricky cases. Contact us today to find out if we can help your business.

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