Commercial Finance Case Study Northern Ireland

Welcome to our Commercial Finance case studies featuring clients who have had funding approved brokered by Johnston Financial Solutions. Johnston Financial Solutions help small and medium-size businesses throughout Northern Ireland access commercial finance through asset finance, hire purchase, business loans and commercial mortgages. We manage a client’s application from initial enquiry to completion, using our expertise to prepare our clients to attract the best possible finance solutions. The following are case studies of business loans we have previously brokered for valued clients. 

Video Testimonial

Loan Amount

Secured Finance £150,000-£200,000

Industry

Commercial Property Finance Northern Ireland

Purpose

Moving On Up ltd – Aghanloo, Limavady, County Londonderry, Northern Ireland

Funder: Ulster Bank

Funding Solution

Property Investment and Development

Overview

Moving On Up provides training and personal development day service opportunities to young people and adults with a learning disability in the Western Trust area. Students come to the centre from Limavady, Dungiven, Claudy, Magilligan and Bellaghy. The organisation offers personal care alongside training to encourage and promote independent living skills and social inclusion in various ways such as cooking, baking, crafting, up-cycling, household skills, and event planning. They also provide a social evening weekly to support young people and adults with a learning disability to feel and be socially included. Alongside this, Moving On Up offers training, support through respite, advice and advocacy to parents, family members and carers. To enquire about day opportunities with Moving On Up, contact Angela on 028 7727 8020.

Moving On Up first became a client of Johnston Financial Services through the Alchemy programme, which offers business mentorship, supported by the Causeway Coast and Glens Business Support team. For more information on mentoring support through Causeway Coast & Glens Alchemy programme, contact Louise Pollock

The Solution

Lead broker Mark Johnston developed a strategic plan for the growth of the business, which included the recruitment of an experienced bookkeeper, the preparation of cash flow forecasting to support the expansion project and build a solid foundation for future finance proposals. The organisation had begun to outgrow its existing building and expansion plans focused on securing commercial finance for a purpose-built facility to enhance the provision of services, accessibility and safety for students. The land had been acquired, which offered a plot for building a new centre within a 4-acre site set amongst beautiful countryside, and the funding would help develop the new day centre.

It can be daunting for SMEs like Moving On Up to secure funding through traditional lenders, such as Ulster Bank, and even more challenging without the support of a finance broker. Johnston Financial Solutions took care of all of the paperwork, from initial contact to developing a comprehensive proposal that met the lending criteria. Mark offered support throughout the application process, answering questions on behalf of the client to ensure they received a letter of offer for the loan product they had chosen. Mark also kept the client informed, reassuring them, ensuring transparency around fees and loan terms. The impact of this finance has revolutionised the facilities at Moving On Up and will change the lives of the young people who attend the day opportunities.

Client Testimonial

‘Mark is very approachable, nothing is too much bother, and there is no such thing as a silly question. He made the process of finding finance very straightforward, offering a range of suggestions and options that we could try. The whole experience enabled us to build a relationship and benefit from Mark’s expertise, making new contacts to move the project forward. Mark presented us with choices we didn’t know we would have, which helped us understand the lending process and feel in control. It was daunting to be borrowing such a large amount of money for the first time, and having Mark on board as an independent finance broker reassured us that the business could afford the loan. The management team is happy to recommend Johnston Financial Solutions because of the high level of customer service, quality of advice and range of funding options made available to them.’ Angela Mc Donald

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Johnston Financial Solutions deliver quick, simple and competitive financing options to take your business to the Next Level. Get in touch today and arrange a meeting to see if we can help your business access finance for growth or expansion.

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Johnston Financial Solutions would like to acknowledge the help and professional services provided by Seamus Farren at PFS & Partners, Chartered Accountants, County Derry Londonderry in preparing the financial reports necessary to support this Commercial Finance funding application. Mark Johnston introduced Angela to Seamus early on in this process. In business, we all know that time is money, and that’s what our clients value from our relationship. We save time, offer value for money, deal with the tricky conversations and remove stress for the client, building a long term relationship based on trust, transparency and successful lending. Professional support for financial reporting will help you secure an offer for Business Finance.

Video Testimonial

Loan Amount

Unsecured finance £150,000-£200,000

Industry

Manufacturing Finance Northern Ireland

Purpose

Central Tanker Services ltd-  Creagh Rd, Toomebridge, Antrim, Northern Ireland

Investment in New Machinery

Funder: Alternative Funder

Funding Solution

Unsecured Funding

Overview

Central Tanker Services Ltd is Ireland’s leading, dedicated manufacturer of Road Tankers for the Fuel Distribution Industry, based in Toombridge Northern Ireland. The company manufacture, vessels for the carriage of fuel oils and fuel oil products for the fuel distribution industry. Central Tanker Services ltd are the only dedicated manufacturer of these vessels in Ireland competing across Europe with firms based in England, also Spain and France. Mark Johnston, brokered finance for Central Tanker Services which enabled the company to develop a new process with new machinery.

The Solution

The funding solution allowed this manufacturing business to make key changes and innovate in their manufacturing processes to remain competitive in the export market. Johnston Financial Solutions brokered unsecured finance which meant there was no time delay, no waiting for legal processes to complete, no legal fees, and no valuations.

The main benefits of unsecured finance are the speed of delivery of the finance, and minimising additional fees such as legal costs, or valuation fees. And most importantly the business does not have to tie up important assets, trying to deliver the finance.

‘In a manufacturing business like this the main benefits of this type of funding for Central Tanker Services is that it allows Robert to go in there and change his processes quickly. It helps him future-proof the business and keep it competitive in the marketplace.’ Mark Johnston

Client Testimonial

‘I found Mark to be a very regular guy, 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.’ Robert McNeill

‘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. If you need that kind of help, I would certainly recommend Mark.’

Contact Us Today

Johnston Financial Solutions will manage a client’s application from initial enquiry to draw down of the funds. We prepare our clients to attract the best possible finance solutions. Our professional service takes the stress out of finance. We have years of experience structuring the initial proposal in the format preferred by the funding provider. Get your business in the best position by identifying specific questions or potential objections funders may have about lending to a business. Together we can prepare comprehensive answers to these questions, to ensure businesses receive a quick and positive response from lenders in a few working days. Contact us today to see if we can help your business.

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Johnston Financial Solutions would like to acknowledge the referral from Dawn McLaughlin & Co, Chartered Accountants Derry Londonderry. As independent Commercial Finance brokers, we understand the impact of developing solid relationships with our clients and their accountants to develop a comprehensive understanding of the business. Clients have been referred lead broker Mark Johnston because he is a trusted advocate, collaborating with all stakeholders to ensure he gets the deal across the line.

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.