From Funding in 41 Minutes to a Long-Term Relationship! Area Welding & BEAR Business Finance
"APR 6.4% lower than a competitor's quote"
This success story exemplifies our efficiency and speed while demonstrating how our strong relationships with our panel of lenders enabled us to
secure a solution with an impressive APR 6.4% lower than a competitor's quote.
Company Sector: Engineering & welding
Loan Amount: £250,000 Consolidation & £24,000 Short-Term
Loan Purpose: Support for major project & consolidation
Area Welding is a well-established, family-run engineering service company based in Cheshire, founded in 2010. What started as a local welding business has grown into a comprehensive engineering operation offering everything from small-scale welding repairs to major infrastructure projects like wind turbine installations.
The company's reputation is built on excellence and versatility. Their team consists entirely of multi-skilled, fully qualified coded welders who work to the latest ISO accreditations and CE certifications. This commitment to quality has earned them contracts with prestigious clients including Rolls Royce, Weber Saint Gobain, and Henkel, while also maintaining strong community ties through projects like engineering custom gates for local parks. They also manufacture signs for one of England's largest signage companies.
Over their growth journey, Area Welding have faced financing challenges that traditional lending couldn’t effectively meet.
Initial challenge
Back at the start of 2024, the business needed rapid access to £24,000 to support during a critical period on a major company project. Traditional banks couldn't provide the speed and service required.
Initial solution - fast short-term loan - paid within 41 minutes
We secured a £24,000 short-term loan that was transferred to Area Welding's account within just 41 minutes of enquiry. This unprecedented speed exceeded their expectations and ensured uninterrupted business operations.
Recent challenge
As the business matured and expanded, Area Welding found themselves managing multiple financial commitments with varying terms and interest rates. They needed a solution that would:
- Save money with a simple solution
- Consolidate their existing debts into one single, manageable payment
- Reduce their overall interest rates and reduce monthly repayments
- Provide stability to focus on business growth rather than financial admin
Recent solution - strategic consolidation
We arranged a comprehensive £250,000 consolidation loan over a 5-year term that delivered multiple benefits:
- Cost Savings: Our APR was 6.4% lower than the competitor's offer, resulting in significant long-term savings
- Simplified Management: Multiple outgoings consolidated into one straightforward monthly payment
- Improved Interest Rates: Lower interest rates reflecting Area Welding's strong business performance
- Financial Stability: Predictable repayment structure allows management to focus on core business activities
How we approached things differently
"We thrive on building enduring connections and delivering continuing value."
At BEAR Business Finance, we recognised that Area Welding's challenges required more than standard lending solutions. Our bespoke approach was built on the following:
Speed and Efficiency: Understanding that engineering projects operate on tight deadlines, our efficient precision matching enabled us to deliver funding rapidly.
Long-Term Relationship: We used our 7 year long-term working relationship and understanding of their business’ needs to draw upon our knowledge of their challenges and long-term growth objectives. We thrive on building enduring connections and delivering continuing value.
Enhanced Approval & Rates:
Our strong relationship with our panel of lenders meant that we provided a superior offer with an APR of 6.4% less than the competitor’s quote.
Area Welding are a thriving engineering business with the financial foundation to continue serving prestigious clients while maintaining their commitment to community projects.
Speak to us today to see how we can help with both the immediate and longer-term needs of your business
Bespoke
Our approach is bespoke, our dedicated Finance specialists take the time to understand the challenges and goals of your Business.
Efficient
Our enhanced approval success is achieved through relationship strength and precision matching with our panel of lenders.
Accurate
Accurate in our analysis of our clients financial positioning, business modelling and market placement to ensure they are presented to the right lenders for the most successful and suitable result.
Relentless
We are relentless in our pursuit of the best possible outcome for every client, we know that critical business decisions deserve perfect financial partnerships.