Snowball Alternative Finance

Snowball Alternative Finance secures £8.2m care home refinance

Snowball Alternative Finance has secured an £8.2m refinance deal for Cheshire-based care home company Inspired Life Care.

The funding — which was provided by Yorkshire Bank and negotiated by Peter Black, managing director at Snowball (pictured above, right) — was secured on Inspired Life Care’s new Telford Court care home in Crewe.

Telford Court is an 85-bed care home which specialises in dementia and mental health and was developed via an initial funding package that was also provided by Yorkshire Bank.

“We commenced work on site in 2017 and opened the doors to Telford Court last October,” said Chris Chawner, director and chairman at Inspired Life Care (left). 

“The refinance deal will allow Lucy [Chawner] (centre) and I to continue with our growth strategy in the coming years.

“Peter Black has been instrumental in making both deals happen and remains closely involved with our business as we look to the future.”

Peter added: “Telford Court is a fantastic and much-needed facility and it has been really rewarding to see it come out of the ground and open its doors.”

Helen Miller, commercial relationship manager at Yorkshire Bank, concluded: “The Chawner family have proven themselves to be exceptionally capable operators in their industry and we’re proud to support their growth aspirations.”

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