The Nationwide Broker Division was established in January 2022 with the objective of providing brokers with an alternative funding route where suitable solutions could not be identified through conventional lending channels. The division was designed to address gaps in the market by offering a more flexible and commercially focused approach to lending.
Since its establishment, the division has experienced steady growth in both personnel and the size of its broker panel. We aim to continue this trajectory by further strengthening our support for the broker community and SMEs.
Below are some of the deals we assisted with in April.
Deals of the Month
Funded: £80,000.00
Business Type: Software
The Solution: An introducer approached us to assess the viability of an additional advance for an existing customer. Although the customer was between contracts and experiencing short-term cash flow pressure, new contracts had been secured with payments due imminently. On this basis, we were able to proceed with an additional advance, subject to review of the signed contracts.
The facility provided critical working capital, enabling the customer to deliver on their new contracts and maintain business continuity during a transitional period.
Funds were secured with a 1stcharge over a 3-year term.
Funded: £30,000.00
Business Type: Men’s Mental Health
The Solution: A start-up business approached a broker seeking funding to establish its new venture. The director was not a homeowner however, a family member was able to support the application by acting as guarantor.
The director had significant experience within the industry and was well positioned to launch his own practice. Following completion of our standard underwriting and compliance checks, and subject to the guarantor obtaining Independent Legal Advice (ILA) to ensure full understanding of the obligations involved, we were able to provide funding within a matter of days.
Funds were secured with a 1st Charge over a 5 year term.
Helping Businesses get the loans they need
Cash Flow Loans
HMRC & VAT Debt
Loans for New Start-Ups & Business Acquisitions
3rd Party Guarantors
Declines Considered
CASH FLOW FINANCE – NEW STARTS – GUARANTORS ACCEPTED
Nationwide Finance Broker Division
T: 01234 717367
E: sam.england@