Provider Guide
Bedrock Business Finance - Profile for Decision Finance
Bedrock Business Finance is an independent commercial finance specialist, dedicated to securing our clients highly competitive funding, which is specific to their individual requirements.
The Directors, Gary Spencer and Mark Crang have in excess of 35 years commercial lending experience with a high street lender and this expertise, together with access to a wide and varied panel of reputable lenders, will ensure that we will source the right funding, at the right price.
Indeed, on numerous occasions we have been successful in securing new clients better terms on their business loans than those already offered to them through other lenders or brokers.
We are specialists in all areas of commercial funding - purchase, refinance or capital raising - and in all business sectors including;
- Hotels and Guest Houses
- Pubs (100% funding available)
- Restaurants
- Retail Outlets
- Care Homes
- Property Investment
- Property Development
Funding is also available to assist clients who have been turned down by the banks or require a non status mortgage. These types of mortgages are particularly helpful with start ups, projection led applications or where there is limited or no financial information available. Put simply, if the 'traditional' lenders are not able to help there are alternative options available.
The Process
Following an initial discussion or meeting, Bedrock Business Finance will prepare and present your proposal to a panel of lenders, and negotiate terms on your behalf.
Our expertise will enable us to match your individual requirements to the most appropriate lender and secure the most competitive package on your behalf. In many instances, we have access to preferential rates not available on the high street.
Wherever possible, we will aim to secure an in-principle agreement for you within 48 hours of receiving all of the relevant supporting information.
Our involvement does not stop here however. We will liaise with all of the relevant parties - valuer, lender, solicitors, accountants - to ensure that the transaction proceeds to completion with the minimum of effort on your part. Naturally we will keep you informed every step of the way.
Case Study 1
Mr Q wished to purchase a public house in Northumberland for £550,000. We secured 75% funding from the lender - 1.25% above Bank Base - with an additional 15% funding provided by a brewery - 1% above Bank Base.
Case Study 2
Mr M owned a substantial hotel and was looking to raise additional funding to build a six-bedroom disabled facility. Mr M had banked with his own lenders for in excess of 20 years yet we were able to secure our client terms, which would save him in excess of £150,000 in interest over the term of the mortgage.
Case Study 3
Mr & Mrs K had an "option" to purchase the freehold of their leasehold unit in Manchester for £875,000. Due to a company restructure the accounts of their business did not support the requested level of funding. Despite this we were able to secure them 75% funding on the valuation of £965,000. As such, they were only required to make a contribution of £151,250 (i.e. 17%).
