Asset Re-finance to unlock bank funding – packaged deal.
- Lloyds Bank trying to secure a manufacturing company from existing bank.
- Lloyds Invoice Finance helping core bank to secure invoice finance and lead core relationship
- Bank trying to take daily banking with O/D but commercial mortgage was with existing bank (2nd charged to family member).
- Debt service did not meet Lloyds' mortgage criteria.
- B2B structured the re-financing of existing debt on the factory equipment to reduce monthly debt burden.
- The level of monthly saving enabled Lloyds to meet debt service model and take on the mortgage.
- Project was unlocked with the banking, commercial mortgage and invoice finance supported by asset Re-Finance.