• Location
    Home Counties
  • Loan Type
    Working Capital Overdraft
  • Value
    £750,000

Overdraft Loan Home Counties

A new client needed to repay an expired bridging loan prior to selling his property which comprised a substantial country house in extensive gardens and which serves as both his family home and wedding venue business. Additionally, he had a working capital requirement exacerbated by the cancellation of events during the COVID lockdown. 

The Overdraft bridging loan was completed during the COVID lockdown and it was recognised an extended period may be needed for the loan to be repaid. Not all the funds were immediately required and so an ALTERNATIVE Overdraft Loan Home Counties was established, sufficient to repay the existing loan and to provide working capital as and when needed. Repayment of the overdraft will be from the proceeds of sale in due course. 

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