Yorkshire based One Stop Business Finance Limited has completed a substantial development funding deal, lending £800,000 to locally based Hammond (Homes of Distinction) Ltd. Directors Nick and Debbie Hammond will use the loan to fund the development of a 13 dwelling, residential house building site, in Grimsby; repaying One Stop in 12 months.
Andrew Mackenzie, Managing Director commented: “This transaction is one of the largest we have completed and demonstrates the level of funding that we now have for the business. We are delighted to support Nick and Debbie’s aspirations to be developers, building on their substantial experience as sub-contractors in this sector”
Nick Hammond, Managing Director of Hammond Homes of Distinction Ltd. commented: “The funding facility and pro-active support from One Stop Business Finance throughout the lending process has been invaluable. Without funding it would not have been possible for us to make the leap into developing after many years of building for other national house builders. This project in Grimsby has allowed us to develop a local supply chain and guarantee the funds will be re-invested in the local economy. We are now working on strengthening our positive relationship with North East Lincolnshire Council, which will hopefully lead to further development opportunities in the Grimsby area. We will then be able to start negotiations with One Stop Business Finance to provide future development funding.“
One Stop Business Finance Limited continues to grow rapidly on the back of a series of transactions, with both deal and enquiry numbers at record levels.
The business offers highly flexible solutions to its clients and great returns to its funders. It has also brokered a large number of invoice finance, commercial property and fixed asset deals over the past few months.
The legal work on this project was undertaken by Ben Slack, John-Joseph Massey, Max Wayman and Aarti Palmer of Clarion Solicitors in Leeds.
With Business Development Managers based from the East Midlands northwards, One Stop Business Finance Limited is seeking new opportunities to undertake even more of its own lending; offering SME clients’ short term and flexible options when conventional finance brokerage solutions don’t work. By taking clients through a lending process, the most appropriate and cost effective borrowing solutions are developed.
The business is a member of the NACFB and has a number of preferred partners in respect of hire purchase lending, invoice finance, commercial property etc. This means that One Stop Business Finance Limited can offer its SME clients a complete lending service and genuinely is able to “do the deals the banks can’t do.”
For information about One Stop Business Finance visit www.osbf.co.uk or contact the office on 01757 289885 or firstname.lastname@example.org
For information about Hammond Homes of Distinction Ltd. contact Debbie Hammond on 07375 495511, email Debbie.email@example.com.
For more media information please contact Emma Hudson at One360 Marketing on 07966 582013 or firstname.lastname@example.org.