A businessman is set to move offices and upgrade his company’s IT systems thanks to a commercial loan secured against his family home.
Specialist lender Together completed the £103,000 deal in just two days by providing the broker’s client with its ‘homeowner business loan’ product, which can be secured against a customer’s house if more than 50 per cent of the total amount is used for business purposes.
Packager, Intelligent Loans brought the case to Together on the businessman’s behalf.
1pm plc (LON:OPM), established in 2006 is an independent provider of finance facilities to the SME sector. The 1pm plc group offer a full range of business finance solutions to the UK market from asset finance, hire purchase, commercial loans through to invoice finance and factoring.