Services
Completed Deals
Completed Deals
Hilton Smythe Finance have helped many people and businesses achieve their dreams and secured millions in commercial business loans over the years for our clients. Below is just a selection of some of our completed deals.
British businesses have borrowed almost £35bn
Under the government’s three emergency coronavirus credit programmes, but the approval rate for coronavirus business interruption loans (CBILS) remains just over 50%. Of the 93,305 businesses that applied for a loan under the scheme, just 47,650 were approved.
Here at Hilton Smythe we have assisted our customers in safeguarding their businesses by obtaining £4.4m so far, with 100% of our applications being approved. If you need any assistance with this process, please don’t hesitate to get in touch.
We are not just doing CBILS, I am delighted to have just completed on 2 SIPP investment loans for a property purchase, thanks to Sharon Harrison and a commercial mortgage for a Clothing Manufacturer, thanks to Janet Watson even in this difficult time for lenders.
Looking for finance to grow your business?
Commercial Mortgage
Our client saw an advert for Café G, an artisan kitchen and coffee house in Dulwich, South London, with seating for 50 customers inside and for 30 outside and a franchise business Gymboree, which offers sensory baby play combining music and movement.
We were able to submit a lending proposal to acquire both advertised businesses. With a shortfall of a cash deposit, additional security was offered to a high street lender, which following a valuation meant the client could borrow enough to make the purchase.
Commercial Mortgage & Unsecured Loan
Despite the client having limited experience and no assets to secure the goodwill element of the loan, we were able to fully explain the strengths of the client and the business to the lender and managed to secure excellent loan terms on both the commercial mortgage and unsecured loan with a high street bank.
Enterprise Finance Guarantee Loan
After being advised by their own bank that due to the element of goodwill involved, they could not assist. The client contacted us after a recommendation from his friend.
The client was concerned he would miss out on this opportunity as he had no tangible security available, I managed to obtain sanction of 70% of the purchase price, using the Government’s Enterprise Finance Guarantee scheme on an excellent fixed rate of 4.65%, with a term of 10 years.
Bridging Loan
Our client who has lots of experience in property investment and renovating properties required a quick purchase of a residential property as the vendor was demanding a speedy completion.
Working closely with the lender, we managed to obtain a bridging loan approval, fully underwritten within days, and then liaised closely with solicitors who worked tirelessly to complete the deal within the target date. Full credit approval was obtained to move the bridging loan onto a property investment loan.