Finance deal secured for independent building supplier

A business finance expert has been able to support a client in securing a finance deal, after their existing bank declined their application to refinance and restructure existing debts onto a long-term commercial mortgage.

Stuart Pawelczyk, founder of Business Finance Expert helped Buildland, an independent building supplier.

Their operating model of the business changed due to Covid and a multitude of lenders failed to understand these changes and the future impact they would have on the business, cashflow and profitability.

Now, the family-run, multi-million-pound turnover business is supported by LHV Bank.

Buildland said in a statement: “On behalf of the board of directors at Buildland, we would like to extend our heartfelt thanks for your invaluable support in securing our refinance.

“It has certainly been a journey, navigating through several banks to finalise this loan, and we couldn’t have achieved this without your dedication and support.

“We want to personally express our gratitude for all the work you have done for us, including taking the time to meet numerous banks.

“We deeply appreciate the hours and effort you put in to make this possible.

“We look forward to staying in touch and seeking your guidance and support in the future as we continue to grow.

“Once again, a massive thank you from all at Buildland.”