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case studies
Nursery
A husband and wife team wanted to set up
a children’s nursery but did not have the cash to back the
project. First Finance arranged a special low cost loan to the husband
to give the couple enough cash to move the project forward.
Advertising
A business offering imaginative high tech
advertising screens in shopping centres could not get funding for
the new venture. First Finance arranged a government-backed loan
that allowed the business to buy and set up more pods. Shortly afterwards
the business was offered the opportunity to set up in a major chain
high street shops.
Building company
A large building company with an impressive
list of blue-clip clients had suffered two bad contracts that had
lost them money, and a massive legal battle with a developer. Having
been cash-rich for years, the company was about to run out of money.
First Finance organised a cash plug to help the company through,
and then arranged further funding to allow the directors to buy
the company from the owner who was keen to retire.
Importer
A marble stone importer had spent a lot
of money looking after his unwell parents and found he was in personal
financial difficulty. Faced with mounting bills that he was unable
to pay, First Finance arranged a facility together with his parents
which allowed him to pay off his debts, and reduce the monthly payments
dramatically, keeping him in business.
Scottish guest house
A couple had a dream to run a guest house
in the Scottish Highlands. After selling their home in the south
of England they didn’t have enough cash from to buy the guest
house, and First Finance set up a facility to top up their mortgage
which allowed the couple to fulfil their dream and buy the property.
Developer
A developer had an ambitious plan for a
high quality scheme in a coastal resort. While the team had finance
for the building work, they did not have the cash to complete the
numerous preparations, and the project was in danger of stalling.
First Finance arranged finance for the land owner who was part of
the development team, which released sufficient cash for the scheme
to continue. First Finance also helped the developers to find more
competitive building finance.
New developer
An architect who wanted to start his own
development projects was unable to find the cash he needed. First
Finance organised a facility that allowed him to prepare the scheme,
and arranged a mortgage to cover the the purchase and building costs
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