Asset Finance for a Start-up Optician

We were introduced by a consultant who had failed to secure funding via the Start Up Loan Scheme to finance specialist optical equipment.

The key challenge was that the customer – a sole trader – was a UK citizen, he had spent considerable time in Australia and had been slightly remiss on UK financial affairs.

He also wasn’t a home-owner, which puts off many lenders.

On the plus side, he was a highly experienced dispensing optician and was borrowing a relatively small portion of the overall set-up cost, the remainder coming from personal funds.

To further complicate matters, the specialist equipment was coming directly from Lithuania.

Not only did we fund the equipment cost of £31,000 but we liaised with the Lithuanian supplier to ensure a satisfactory outcome for all parties