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More growth for Lincoln
Nicholsons, The Corporate Finance Network's member firm in Lincolnshire & Peterborough, have recently completed a re-financing exercise with an independent retailer in Lincoln.
The firm was able to secure loan finance which has now reduced the growing pains the business had been feeling. The business had grown significantly and had a mixture of finance in place.
Richard Hallsworth of Nicholsons worked with the client and was able to repackage and organise the existing finance into a more manageable package at a much lower cost by writing a business plan, creating forecasts and negotiating with the businesses current bankers, Lloyds TSB Commercial Finance.
The finance has also been structured to allow for expansion into e-retailing and Nicholsons have provided guidance as to how this should be financially managed.
The business continues to meet with the team at Nicholsons who are currently investigating special forms of finance in relation to payments collected online.



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