Christie Finance has added a company debt advisory service, in anticipation of upper demand for business loans.
The dealer’s new division will specialize in accessing debt for enterprise homeowners and traders the place debt necessities are over £10m. These companies will usually both have complicated group constructions, difficult restructuring wants, debt quantum wants in extra of £5m and/or excessive progress aspirations.
Learn extra: SMEs search bigger loans as banks scale back lending
“No matter debt quantum, securing debt continues to be a difficult train, significantly as we proceed to expertise a dilution of lending urge for food from conventional sources,” stated John Mitchell, managing director at Christie Finance.
“We’re lucky to have a really skilled crew of specialists to give attention to bigger debt remits and ship bespoke options to shoppers with important or complicated necessities.”
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Christie Finance already presents a variety of business mortgages and unsecured mortgage providers, and specialises in leased-backed and operational actual property. The dealer famous that the addition of the debt advisory service displays the rising want for financing options in a tightening lending market, with increasingly more debtors searching for to refinance and restructure their debt.
The brand new service will work with each current and new shoppers to supply bespoke funding which might allow enterprise progress.
Learn extra: Regulation and compliance hinder non-public debt progress
