The Challenge
PMD were introduced by our professional partners, JS, to an established business operating within the pet care industry. The client was seeking funding to expand their business by improving their residential and daycare services and to refinance their existing commercial mortgage.
The total loan requirement was £900,000, having being declined by their incumbent bank and therefore unsure where to turn to secure the funding required to support the business’s expansion.
The Solution
Introduced to John Platt, PMD’s Head of Structured Finance & Commercial Mortgages, John took the time to meet the client on site and properly understand the business’s growth strategy. John was able to identify a specialist lender, who not only understood the management team’s challenges and opportunities, but also bought in to the growth potential that further investment could deliver.
The Result
After delivering credit backed terms, arranging the business valuation and introducing corporate lawyers, PMD were pleased to see the funding in place that allowed the business to be able to expand its pet care services and continue to invest in their property.
‘PMD are incredibly fortunate to work with many valued professional partners who entrust us with introductions to their customers and contacts in need of finance. Stepping in to the space that the traditional high street funders no longer serve, we are delighted to assist businesses in navigating the complex and ever changing funding market. We have full confidence in the client’s business plan and sure look forward to seeing them deliver it’.