“Jez and the team at Momenta Finance were exceptional in their communication and execution, providing constant updates and ensuring a swift payout. Their proactive approach enhanced the client’s experience and facilitated smooth interactions with all stakeholders involved in the transaction.” Ewan Clarke – Director Business Finance
Expansion For Pilot Fish Client Via Government-Backed Loan
The Client
The borrower, a successful entrepreneur in the retail industry, sought expansion of their business by acquiring a new 5,300 sq. ft supermarket to meet growing demand in the local area. The client required urgent funding to secure the new lease and proceed with the plans.
The Challenge
The borrower needed assurance of funding before committing to the new lease, which added complexity to the deal. The urgency to secure the funds quickly to seize the expansion opportunity posed a significant challenge.
Pilot Fish Finance chose Momenta Finance as the lender for this deal due to Momenta’s unique understanding of the business proposition and their willingness to provide favourable terms subject to the agreement of heads of terms. It was decided a government-backed scheme would be best.
Transaction Excellence
Momenta Finance excelled in providing constant updates to all parties involved, including the client and the landlord, ensuring a seamless and efficient process. The quick turnaround time from the agreement of heads of terms to the payout of the deal within a week demonstrated Momenta’s commitment to expedite the funding process.
- Loan Amount: £150,000
- Loan Term: 48 months
- Interest rate: 16.44%
- Special feature: No exit or early repayment fees
Feedback on Working with Jeremy Crinall
“Jez and the team at Momenta Finance were exceptional in their communication and execution, providing constant updates and ensuring a swift payout. Their proactive approach enhanced the client’s experience and facilitated smooth interactions with all stakeholders involved in the transaction.”
Ewan Clarke – Director Business Finance
Conclusion
This case study underscores the successful collaboration between Pilot Fish Finance and Momenta Finance in facilitating the expansion of the client’s business. By leveraging Momenta Finance’s expertise and efficient lending process, Pilot Fish Finance effectively supported the client’s strategic growth initiatives, underscoring the value of strong partnerships in achieving business objectives.
About Pilot Fish Finance
Pilot Fish is a financial broker that focuses on client service and advice. We have been operating for over 12 years and all our staff are very experienced finance professionals with experience as either finance directors, corporate finance or banking backgrounds. This means we can provide our clients with the best advice and solutions. Pilot Fish can provide a complete solution for our clients as we cover all products whether business or property requirements.
