Pink Pig Loans

Pink Pig Loans secures £210,000 commercial loan from Lloyds Bank

Pink Pig Loans has completed a £210,000 commercial loan with Lloyds Bank to help a client in danger of having its business closed or relocated.

The borrower, a window-fitting company which had been trading for 20 years, required the facility to purchase its current trading premises.

Pink Pig Loans took on the case from an introducer with whom the packager enjoys a long-standing relationship, and worked together with Lloyds Bank to complete the deal within the client’s tight deadline.

The commercial facility was secured at 70% LTV, at a rate of 3.6% above bank base rate.

Luke Egan, director of bridging and development at Pink Pig Loans (pictured above), said:  “Many commercial businesses would love the opportunity to purchase their current premises as it can put them on a sound footing for the future, but this was a testing case as the client faced a really tight deadline in order to secure the property. 

“Lloyds was a terrific lender to deal with on this case, recognising the need to move swiftly and delivering the funds on excellent terms. 

“This was our first case with Lloyds, and we look forward to working with it closely again on further commercial deals.”

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