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TVAF
7 West Mills Yard, Newbury,
Berkshire, RG14 5LP
Following an introduction from a local Accountancy practice, we were asked if we could assist one of their clients (a property landlord with an extensive HMO portfolio) with the restructuring of a COVID legacy loan.
During the pandemic, the customer had taken out a large short-term loan to provide the business with valuable working capital during lockdown. That loan had been secured against the directors’ principal private residence by way of a second legal charge (one which sits behind the mortgage company). The incumbent lender had structured the loan on an interest only basis, with all of the capital deferred.
Whilst the customer had met all the repayments in a timely manner, the lender now wanted full repayment of the loan, principally due to a change in their lending policy, coupled with the fact they were no longer happy to have the customer use his matrimonial home as the security for the loan. They wished to retain the customer but wanted different property as the security, something that the Director was not wanting to offer
Whist the financials for the business were complicated, in part due to a complex trading structure and multiple trading entities, the TVAF team were swiftly able to source a replacement lender. Furthermore, a secured business loan provider who was quite willing to extend the new loan term to seven years, therefore allowing the customer to meet both capital and interest repayments at broadly the same cost as he was currently servicing.
Working with the client, his accountant, the new business finance lender, and all interested parties legal teams, we were able to secure a £300,000 loan. This allowed the existing lender to be repaid in full, whilst also giving the borrower a small amount of additional cash for new projects.
Contact us to find out more about our ability to arrange both secured and unsecured business loans.
While lockdowns and Covid may seem a distant memory, it has taken time for businesses to bounce back.
That was certainly case for our returning client who repaired and maintained lifts. With the closure of offices during Covid and people working from home, demand for their services sharply fell.
It's pleasing to see though that the company has come through the downturn in business and is now seeing a big increase in demand.
With the business bouncing back, the time came for some older vehicles in the fleet to be replaced as well as growing the fleet with some new additions.
We approached a number of funders to set up lines of credit to facilitate the purchases. With a number of vehicles already on the road, more are on order. As our team had worked with the client before, the process was seamless and stress-free.
The key benefit for the client working with TVAF is for the knowledge and breadth of funders that TVAF have on our extensive panel. This saves the customer having to do all the research themselves.
If you are looking at expanding your vehicle fleet or replacing older vehicles, give us a call on 0330 1212 400. The team are on hand to have a no obligation chat around your funding needs.
With a perceived shortage of dentists across the UK it was great to be able to assist a new start practice.
The business owners had many years experience in the sector but were setting up a new 'Squat' dental practice. In essence this is starting up a site from scratch rather than taking over an existing business.
Setting up a squat practice can come with it's own challenges, from finding a suitable site to getting it fully specked and kitted out.
There are however funders who love to work with professionals in this sector and understand how they operate and generate their income.
We were able to arrange a £100k loan for the business over a 60 month term, supported by the director's personal guarantees. With further funding in the pipeline for the fit out, hopefully this will be the first of many new sites!
If you operate in the professional or healthcare sector and are looking for assistance with a new or existing venture, please give us a call for a no obligation discussion.
If you run a successful bus & coach business you need to keep on top of the latest technology; whether that's electric buses or the latest ticket machines.
It was the latter we were approached to fund, with machines being replaced in 6 buses. With everything seeming to go contactless, long gone are the days of buying a ticket with cash from a conductor!
As well as the machines themselves, they come with a software package which is licenced on an annual basis; another cost for the business to absorb, or is it......?
We work with some funders who will not only finance the ticket machines, but will also fund the software licences.
The licences which cost £30k were funded over 12 months and the ticket machines costing £25k over 24 months, both via a Hire Purchase Agreement which ensured the company's cashflow was maintained.
So if you are a business that is investing in IT, then a funding solution may be available. Get in touch with us today to chat through your options.
A company director based north of the border had his heart set on buying a used McLaren.
But rather than buying it in his personal name, he wanted to finance it via his limited company. We can finance cars in either personal or company names, but we would always recommend speaking with your accountant or financial advisor first to determine the best route.
Worth noting that if you fund the car via your company and decide to settle the agreement early, the lender is under no obligation to give you a rebate on any future interest.
On this occasion, the client decided to go ahead and we arranged funding in the company name.
As the car was not seen as 'business critical' the personal guarantees of the directors were however needed.
If you are looking to finance a car via your business or in your personal name, give the team a call . They will be happy to chat through options and help you drive you dream.
If you are running a retail business whether on the high street or online you will undoubtedly have a need for new stock.
Buying new stock often has an impact on cashflow, especially as it can take a number of months for the new stock to sell and profits to be realised.
That was exactly the position our new client found themselves in. Having been introduced to the team at TVAF by a local professional, we spoke to the client and it soon became clear they needed a short term funding solution.
As an online retailer all of their payments were taken by card, so it made sense to explore a Merchant Cash Advance ( MCA ) for them.
An MCA allows a business to raise funds based on the level of card takings, with repayments taken from future card payments. The amount you repay fluctuates depending on how much you take via card, which is always useful if you have a quiet week or month or run a seasonal business.
On this occasion we were able to obtain funding of £36k for the business, which they used to buy stock. They expect the stock to sell over the next 3 months and the facility is likely to be fully repaid over the next 9 months.
If you are a business that takes a lot of card payments and you want to explore the option of a Merchant Cash Advance, do get in touch
As established car parts company was introduced to us by a contact who knows exactly how TVAF work and the funding solutions we can help with.
The client already had an Invoice Finance facility, but was looking to grow the business and purchase some stock.
Whilst an Invoice Finance facility gives you access to the value of outstanding customer invoices before they are paid, there are occasions when additional monies are needed too.
We were able to arrange an unsecured loan ( subject to personal guarantees from the directors ) of £100k repayable over 5 years. As well as providing the company with the cash they needed, the loan could be repaid early without penalty, if required.
Here at TVAF we have access to many different funding solutions, so for a no obligation discussion please do contact one of the team.
Who doesn't love a Pizza?
When we were introduced to a businessman who was looking to open his second Pizzeria, we were more than happy to see how we could help.
Having secured a 10 year lease on the new premises, a deposit was payable in addition to an advance on the quarterly rent. At a cost of over £50k this was funded by the client, but he required finance to help with the fit out of the new premises.
His first outlet had been funded with a secured loan over property, but at a very high interest rate. The monthly repayments were therefore having a significant impact on cashflow.
After a number of conversations with the client and after reviewing his exiting finance arrangements, we were able to arrange a new secured loan at a more competitive rate. This not only meant the original secured loan was repaid, but additional funds were made available to help with the fit out of the new Pizzeria.
We wish the business well and hope to be on hand for the next stage of it's growth.
If you operate in the catering or retail space, do get in touch with the team to discuss your funding needs.
A local business trading for more then 10 years was introduced to us by their accountant.
The business invested in new equipment and technology as well as infrastructure, back in 2021. However, straight after setting up the new equipment, the landlords gave the business 6 months to move. The owners of the property had been trying to get planning permission for 14 years but had always been denied. Having finally managed to gain permission, they wanted to press ahead and clear the site.
The company who had been operating from the site since 2004 had no alternative but to move to new premises.
This involved moving a large stone manufacturing plant, the plants infrastructure, the offices, and showroom with costs in excess of £180k
This was all self-funded from the business cash reserves and Government Guarantee loans.
Unfortunately the landlords of the new premises did not grant any rent-free period as the demand for the type of property was deemed to be very high. So from day one rent was due although it took some time for production to recommence.
The cost of the move was more than expected and this coupled with an extended downtime in production meant the business needed some assistance with ongoing cashflow. The business was also in a growth period taking on larger contracts and getting larger commercial orders.
TVAF were able to assist by refinancing some of the equipment that the business already owned. Firstly a list of the assets was obtained which detailed the make and model of the equipment together with the age and hours worked. We were then able to obtain a valuation and determine what level of funding could be raised.
Any outstanding finance on the equipment was settled as part of the transaction.
Coupled with this we put in place an Invoice Finance facility to help fund the growth of the business.
This ABL ( Asset Based Lending ) facility gave the business the short term cashflow assistance it needed and ensured it had the ability to fund it's future contracts.
So for a no obligation discussion around current and future funding needs, get in touch with the TVAF team.
While lockdowns and Covid may seem a distant memory, it has taken time for businesses to bounce back.
That was certainly case for our returning client who repaired and maintained lifts. With the closure of offices during Covid and people working from home, demand for their services sharply fell.
It's pleasing to see though that the company has come through the downturn in business and is now seeing a big increase in demand.
With the business bouncing back, the time came for some older vehicles in the fleet to be replaced as well as growing the fleet with some new additions.
We approached a number of funders to set up lines of credit to facilitate the purchases. With a number of vehicles already on the road, more are on order. As our team had worked with the client before, the process was seamless and stress-free.
The key benefit for the client working with TVAF is for the knowledge and breadth of funders that TVAF have on our extensive panel. This saves the customer having to do all the research themselves.
If you are looking at expanding your vehicle fleet or replacing older vehicles, give us a call on 0330 1212 400. The team are on hand to have a no obligation chat around your funding needs.
If you run a successful bus & coach business you need to keep on top of the latest technology; whether that's electric buses or the latest ticket machines.
It was the latter we were approached to fund, with machines being replaced in 6 buses. With everything seeming to go contactless, long gone are the days of buying a ticket with cash from a conductor!
As well as the machines themselves, they come with a software package which is licenced on an annual basis; another cost for the business to absorb, or is it......?
We work with some funders who will not only finance the ticket machines, but will also fund the software licences.
The licences which cost £30k were funded over 12 months and the ticket machines costing £25k over 24 months, both via a Hire Purchase Agreement which ensured the company's cashflow was maintained.
So if you are a business that is investing in IT, then a funding solution may be available. Get in touch with us today to chat through your options.
A company director based north of the border had his heart set on buying a used McLaren.
But rather than buying it in his personal name, he wanted to finance it via his limited company. We can finance cars in either personal or company names, but we would always recommend speaking with your accountant or financial advisor first to determine the best route.
Worth noting that if you fund the car via your company and decide to settle the agreement early, the lender is under no obligation to give you a rebate on any future interest.
On this occasion, the client decided to go ahead and we arranged funding in the company name.
As the car was not seen as 'business critical' the personal guarantees of the directors were however needed.
If you are looking to finance a car via your business or in your personal name, give the team a call . They will be happy to chat through options and help you drive you dream.
A local business trading for more then 10 years was introduced to us by their accountant.
The business invested in new equipment and technology as well as infrastructure, back in 2021. However, straight after setting up the new equipment, the landlords gave the business 6 months to move. The owners of the property had been trying to get planning permission for 14 years but had always been denied. Having finally managed to gain permission, they wanted to press ahead and clear the site.
The company who had been operating from the site since 2004 had no alternative but to move to new premises.
This involved moving a large stone manufacturing plant, the plants infrastructure, the offices, and showroom with costs in excess of £180k
This was all self-funded from the business cash reserves and Government Guarantee loans.
Unfortunately the landlords of the new premises did not grant any rent-free period as the demand for the type of property was deemed to be very high. So from day one rent was due although it took some time for production to recommence.
The cost of the move was more than expected and this coupled with an extended downtime in production meant the business needed some assistance with ongoing cashflow. The business was also in a growth period taking on larger contracts and getting larger commercial orders.
TVAF were able to assist by refinancing some of the equipment that the business already owned. Firstly a list of the assets was obtained which detailed the make and model of the equipment together with the age and hours worked. We were then able to obtain a valuation and determine what level of funding could be raised.
Any outstanding finance on the equipment was settled as part of the transaction.
Coupled with this we put in place an Invoice Finance facility to help fund the growth of the business.
This ABL ( Asset Based Lending ) facility gave the business the short term cashflow assistance it needed and ensured it had the ability to fund it's future contracts.
So for a no obligation discussion around current and future funding needs, get in touch with the TVAF team.
The Range Rover Autobiography is the epitome of luxury and long gone are the days of Land Rovers simply being loved by farmers alone.
Following a referral from a local accountant, we were asked to assist this high-net-worth property entrepreneur with Range Rover finance. With a new car on order and a highly complex income structure, our task was to secure luxury car finance at a competitive rate of interest.
With a significant multi-million-pound rental property portfolio and sizeable mortgage exposure in the background, it required a detailed credit application and numerous supporting documents to enable a suitable prestige car finance approval to be granted.
High net worth car finance is an area that the Fast Car Finance team specialises in. Fast Car Finance is the sister brand of Thames Valley Asset Finance. We often work closely with customers and their professional advisors to ensure we secure the most suitable terms, regardless of the hurdles that might be in the way.
Every entrepreneur has a unique and often complex income structure, which can make arranging high value car finance challenging, that's something we understand and we can usually find a solution to fit.
Please get in touch for a discreet initial conversation. We can assist with finance from £25,000 to £10M, whether it be for a vehicle purchase or to release equity from an individual car/wider collection.
Tel : 01635 785 400
This new start business was introduced to us by one of our long standing clients.
Operating in the waste & recycling sector the directors were looking to purchase 45 skips of varying sizes to allow them to start trading.
As a pre revenue business with no filed accounts, it was important for us to understand not just the business but also the people behind it.
In situations like this, a lender will look to take a personal guarantee which will involve looking at the homeownership position of the directors and the equity within their properties. Due to the director's having limited equity in their homes, one of the minority shareholders stepped forward to offer their guarantee.
A finance lease was arranged, with VAT being spread across the term, helping the cashflow of the business.
We are now looking at funding a vehicle for the client, so hopefully it's the start of a long standing relationship.
If you operate in the waste & recycling sector do contact us for a no obligation discussion about your funding needs. ☎ 01635 485 400 or 📩 enquiries@tvaf.co.uk
Following an introduction from a local Accountancy practice, we were asked if we could assist one of their clients (a property landlord with an extensive HMO portfolio) with the restructuring of a COVID legacy loan.
During the pandemic, the customer had taken out a large short-term loan to provide the business with valuable working capital during lockdown. That loan had been secured against the directors’ principal private residence by way of a second legal charge (one which sits behind the mortgage company). The incumbent lender had structured the loan on an interest only basis, with all of the capital deferred.
Whilst the customer had met all the repayments in a timely manner, the lender now wanted full repayment of the loan, principally due to a change in their lending policy, coupled with the fact they were no longer happy to have the customer use his matrimonial home as the security for the loan. They wished to retain the customer but wanted different property as the security, something that the Director was not wanting to offer
Whist the financials for the business were complicated, in part due to a complex trading structure and multiple trading entities, the TVAF team were swiftly able to source a replacement lender. Furthermore, a secured business loan provider who was quite willing to extend the new loan term to seven years, therefore allowing the customer to meet both capital and interest repayments at broadly the same cost as he was currently servicing.
Working with the client, his accountant, the new business finance lender, and all interested parties legal teams, we were able to secure a £300,000 loan. This allowed the existing lender to be repaid in full, whilst also giving the borrower a small amount of additional cash for new projects.
Contact us to find out more about our ability to arrange both secured and unsecured business loans.
With a perceived shortage of dentists across the UK it was great to be able to assist a new start practice.
The business owners had many years experience in the sector but were setting up a new 'Squat' dental practice. In essence this is starting up a site from scratch rather than taking over an existing business.
Setting up a squat practice can come with it's own challenges, from finding a suitable site to getting it fully specked and kitted out.
There are however funders who love to work with professionals in this sector and understand how they operate and generate their income.
We were able to arrange a £100k loan for the business over a 60 month term, supported by the director's personal guarantees. With further funding in the pipeline for the fit out, hopefully this will be the first of many new sites!
If you operate in the professional or healthcare sector and are looking for assistance with a new or existing venture, please give us a call for a no obligation discussion.
As established car parts company was introduced to us by a contact who knows exactly how TVAF work and the funding solutions we can help with.
The client already had an Invoice Finance facility, but was looking to grow the business and purchase some stock.
Whilst an Invoice Finance facility gives you access to the value of outstanding customer invoices before they are paid, there are occasions when additional monies are needed too.
We were able to arrange an unsecured loan ( subject to personal guarantees from the directors ) of £100k repayable over 5 years. As well as providing the company with the cash they needed, the loan could be repaid early without penalty, if required.
Here at TVAF we have access to many different funding solutions, so for a no obligation discussion please do contact one of the team.
Who doesn't love a Pizza?
When we were introduced to a businessman who was looking to open his second Pizzeria, we were more than happy to see how we could help.
Having secured a 10 year lease on the new premises, a deposit was payable in addition to an advance on the quarterly rent. At a cost of over £50k this was funded by the client, but he required finance to help with the fit out of the new premises.
His first outlet had been funded with a secured loan over property, but at a very high interest rate. The monthly repayments were therefore having a significant impact on cashflow.
After a number of conversations with the client and after reviewing his exiting finance arrangements, we were able to arrange a new secured loan at a more competitive rate. This not only meant the original secured loan was repaid, but additional funds were made available to help with the fit out of the new Pizzeria.
We wish the business well and hope to be on hand for the next stage of it's growth.
If you operate in the catering or retail space, do get in touch with the team to discuss your funding needs.
When your business starts to grow it often means you have to take on extra staff and sometimes you need larger premises.
That is exactly what happened to one of our previous clients. They were winning more contracts and as their main resource is people, this had an impact on cashflow.
Not only did they need money for recruitment and wages, but more people meant more space was required, so an office move was needed too.
We were able to help by arranging an Unsecured Loan of £50k for the company, over a 5 year term. With no early repayment penalties it gave the company the flexibility it was after.
A point worth noting is that it's called an 'Unsecured Loan' but the majority of loans of this type, including those under the Recovery Loan Scheme will require directors to provide personal guarantees.
We have partnered with a company that can offer Personal Guarantee Insurance, so if you are concerned about signing a PG, you may want to look into their offering.
If you are growing, moving or just need some assistance with cashflow funding, do get in touch for a no obligation chat.
While lockdowns and Covid may seem a distant memory, it has taken time for businesses to bounce back.
That was certainly case for our returning client who repaired and maintained lifts. With the closure of offices during Covid and people working from home, demand for their services sharply fell.
It's pleasing to see though that the company has come through the downturn in business and is now seeing a big increase in demand.
With the business bouncing back, the time came for some older vehicles in the fleet to be replaced as well as growing the fleet with some new additions.
We approached a number of funders to set up lines of credit to facilitate the purchases. With a number of vehicles already on the road, more are on order. As our team had worked with the client before, the process was seamless and stress-free.
The key benefit for the client working with TVAF is for the knowledge and breadth of funders that TVAF have on our extensive panel. This saves the customer having to do all the research themselves.
If you are looking at expanding your vehicle fleet or replacing older vehicles, give us a call on 0330 1212 400. The team are on hand to have a no obligation chat around your funding needs.
With a perceived shortage of dentists across the UK it was great to be able to assist a new start practice.
The business owners had many years experience in the sector but were setting up a new 'Squat' dental practice. In essence this is starting up a site from scratch rather than taking over an existing business.
Setting up a squat practice can come with it's own challenges, from finding a suitable site to getting it fully specked and kitted out.
There are however funders who love to work with professionals in this sector and understand how they operate and generate their income.
We were able to arrange a £100k loan for the business over a 60 month term, supported by the director's personal guarantees. With further funding in the pipeline for the fit out, hopefully this will be the first of many new sites!
If you operate in the professional or healthcare sector and are looking for assistance with a new or existing venture, please give us a call for a no obligation discussion.
If you run a successful bus & coach business you need to keep on top of the latest technology; whether that's electric buses or the latest ticket machines.
It was the latter we were approached to fund, with machines being replaced in 6 buses. With everything seeming to go contactless, long gone are the days of buying a ticket with cash from a conductor!
As well as the machines themselves, they come with a software package which is licenced on an annual basis; another cost for the business to absorb, or is it......?
We work with some funders who will not only finance the ticket machines, but will also fund the software licences.
The licences which cost £30k were funded over 12 months and the ticket machines costing £25k over 24 months, both via a Hire Purchase Agreement which ensured the company's cashflow was maintained.
So if you are a business that is investing in IT, then a funding solution may be available. Get in touch with us today to chat through your options.
A company director based north of the border had his heart set on buying a used McLaren.
But rather than buying it in his personal name, he wanted to finance it via his limited company. We can finance cars in either personal or company names, but we would always recommend speaking with your accountant or financial advisor first to determine the best route.
Worth noting that if you fund the car via your company and decide to settle the agreement early, the lender is under no obligation to give you a rebate on any future interest.
On this occasion, the client decided to go ahead and we arranged funding in the company name.
As the car was not seen as 'business critical' the personal guarantees of the directors were however needed.
If you are looking to finance a car via your business or in your personal name, give the team a call . They will be happy to chat through options and help you drive you dream.
If you are running a retail business whether on the high street or online you will undoubtedly have a need for new stock.
Buying new stock often has an impact on cashflow, especially as it can take a number of months for the new stock to sell and profits to be realised.
That was exactly the position our new client found themselves in. Having been introduced to the team at TVAF by a local professional, we spoke to the client and it soon became clear they needed a short term funding solution.
As an online retailer all of their payments were taken by card, so it made sense to explore a Merchant Cash Advance ( MCA ) for them.
An MCA allows a business to raise funds based on the level of card takings, with repayments taken from future card payments. The amount you repay fluctuates depending on how much you take via card, which is always useful if you have a quiet week or month or run a seasonal business.
On this occasion we were able to obtain funding of £36k for the business, which they used to buy stock. They expect the stock to sell over the next 3 months and the facility is likely to be fully repaid over the next 9 months.
If you are a business that takes a lot of card payments and you want to explore the option of a Merchant Cash Advance, do get in touch