October success story
This month, we are delighted to share how NGI Finance supported a long-established family business in securing funding to enhance and expand their residential care facilities. We enabled them to access £1 million of long-term funding on flexible terms, supporting both immediate refurbishment needs and future development plans.
The need: £1 million for refurbishment and future expansion
Our client is a second-generation family business with over 30 years’ experience providing high-quality residential care for the elderly, individuals with dementia and adults with mental health conditions.
They sought around £1 million to refurbish and extend one of their residential homes, with a view to undertaking a substantial extension on another site in the near future. While they had successfully self-funded a major refurbishment previously, the scale of the new projects required external finance.
Initial discussions with their existing lender were positive, however, the proposed repayment term was too short to allow sufficient flexibility for future development. In addition, the lender’s drawdown monitoring requirements were considered unnecessarily burdensome and costly, especially given the client’s proven experience in managing similar projects.
The solution: Flexible long-term funding that fits the client’s plans
NGI Finance worked closely with the client to prepare a tailored proposal, aligning the funding structure with their operational and long-term strategic needs. We developed a strong supporting rationale for the requested loan term, flexible drawdown arrangements and additional headroom to support future expansion.
This proposal was presented to a carefully selected group of lenders from our panel. As a result, we secured approval for a £1 million loan amortising over 25 years, providing the flexibility, affordability and confidence the client needed to proceed.
Why NGI Finance?
At NGI Finance, we pride ourselves on delivering funding solutions that truly fit our clients’ businesses, not just for today’s needs, but for tomorrow’s growth. By combining market insight with a personalised approach, we help family-run and specialist care operators access the right funding on the right terms.
We are proud to have supported this longstanding care provider as they continue to grow and invest in delivering exceptional care to their residents.
For any questions on this success story or assistance with any form of business finance, please call us on 01993 706403 or email enquiries@ngifinance.co.uk