£1.3M Alternative Overdraft for rapidly growing tattoo parlour

£1.3m Alternative Overdraft for rapidly growing tattoo parlour – completed within 6 weeks

The Issue

A rapidly growing tattoo parlour business based in the West Midlands was looking for a funding solution to support the next phase of its expansion. With plans to acquire multiple new sites, the client needed quick, flexible access to capital—something that traditional property finance couldn’t offer.

Rather than a fixed loan for a specific asset, the client required a facility that could provide liquidity as and when opportunities arose. The security was on their main residence, valued at £1.95 million, and offered a strong asset base to support this need.

The Remedy

We provided a £1,267,000 Alternative Overdraft facility, secured by a first charge on the client’s main residence, which had a market value of £1,950,000 – at 65% LTV.  This £1.3m Alternative Overdraft facility offered immediate access to funds and the ability to draw down capital as and when needed—perfect for the client’s dynamic business model.

James Bloom, Alternative Bridging: “We have a long and successful relationship with the Synergy network and we always enjoy working with them. We worked very closely with Mark Fox and his team on this case and were in daily contact to get a quick resolution. The case demonstrated how our flexible overdraft facility can also be used for areas outside of traditional property purposes. Our overdraft is incredibly flexible and can be used for anyone needing quick access to business capital. We were delighted to be able to quickly assist this growing business and look forward to continuing our excellent relationship with the Synergy network.”

The facility completed within six weeks, providing the client with the flexibility and speed they desired.

The Outcome

This £1.3m Alternative Overdraft case is a prime example of how our overdraft can go beyond the ordinary to empower bold business moves – whether they are property related or not.

Mark Fox, Synergy: “When the client approached me for a hunting pot facility, I thought ABC had the perfect solution… [the] client is already looking for his 2nd drawdown and looking to really utilise the flexibility of the facility to help his business grow.”

Contact Us

If you have an overdraft case that’s for a property purchase or another case outside of traditional property lending;  that requires quick access to business capital like this £1.3m Alternative Overdraft Facility case for business expansion.  Then please don’t hesitate to call one of our experienced finance experts to discuss your unique case today on 0208 349 5190.