From Home to First Premises: How a Dental Laboratory Secured £50,000 to Make the Move
Company Sector: Dental Laboratory
Loan Type: Term Loan
Loan Amount: £50,000
Loan Term:
36 Months
The Challenge
The owners of a specialist dental laboratory producing custom crown and bridge restorations for dental practices across the UK approached Bear at a pivotal moment. They were still trading from home but had just secured their first business premises and they needed finance to complete the move and invest in equipment. In addition to office fixtures and fittings, they also required a specialist milling machine and 3D printer.
The business had not been trading for long, had a relatively low turnover and cashflow was tight due to historical borrowing.
"The business had not been trading for long, had a relatively low turnover and cashflow was tight due to historical borrowing"
Our Solution
We identified lenders who would be willing to support the business. Within 14 days we had secured a £50,000 Term Loan over 36 months, with terms that gave the business room to manage its cashflow:
•
Early settlement permitted - no penalties for paying down the loan ahead of schedule
• Overpayments allowed - ability to reduce the balance during stronger months
•
Repayment holidays available - flexibility for quieter periods
The Results
"Funded in a few days - despite low turnover and historical borrowing"
- Funded in a few days - despite low turnover and historical borrowing
- First official premises established - a professional base that increased credibility with dental practice clients
- New machinery in place - the milling machine and 3D printer extended their service offering and increased revenue
- Cashflow preserved - financing the purchases rather than depleting reserves
If your business is ready to take the next step - get in touch to explore how we can help - 01832 770 273