Posts Tagged 'Day Nursery'

Commercial Mortgage for a Day Nursery

Day Nursery Mortgage

We were introduced to a Cheshire based day nursery group. They had a recent history of low profitability and losses due to “tax planning”. They required a commercial mortgage to move premises as they had outgrown their current home.

Due to the lack of profits in their accounts, they had been declined by several lenders. We explained in detail where the money had gone over the last three years, added back several items of one-off expenditure and compared it to the historical performance of the business. This ensured the commercial mortgage was agreed by a lender they had already approached at a lower interest rate. We knew how to present the application to them and the children and staff are now enjoying their new setting.

Searchlight Finance Ltd is a broker not a lender.

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We are a credit broker not a lender.

Searchlight Finance Ltd is registered at 98, King Street, Knutsford, Cheshire, WA16 6HQ. Company Register number is 07929050.

Authorised and Regulated by the Financial Conduct Authority. Our FCA registration number is 743220. You can check via www.register.fca.org.

We are registered with the Information Commissioner’s Office, Z3109319 and you can check via www.ico.org.uk.

We conduct both regulated and unregulated business and therefore not all products provided through us are regulated by the Financial Conduct Authority.

We source finance from the whole of market and may receive commissions that will vary depending on the lender, product, or other permissible factors. The nature of any commission model will be confirmed to you before you proceed.

Member of National Association of Commercial Finance Brokers (NACFB).