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Experienced member from Fair Business Loans helps advise Bootstrap Company on £1.3m refinancing

Bootstrap-case-study

Fair Business Loans is dedicated to providing small business loans of up to £20,000. One of the key reasons that Fair Business Loans stands out from other small business loan providers is that all our staff are experienced lenders. When you apply for small business funding from Fair Business Loans, an experienced member of the team will handle and review your case on its individual merit i.e. without relying simply on credit scores and algorithms.

In addition to providing small business loans, Fair Business Loans were delighted to recently provide financial advice on a voluntary basis to Bootstrap Company, who were seeking a £1.3m refinancing deal. Bootstrap Company aims to alleviate poverty and increase education and enterprise within the local community.

The Bootstrap refinancing serves as an excellent example of the depth of experience within the Fair Business Loans team. Rob Benfield - Head of Fair Business Loans - helped Bootstrap Company organise their £1.3m refinancing, which reduced Bootstrap’s annual loan repayments by £40,000. This money will be reinvested back into furthering the company’s social mission.

The vision of Bootstrap Company is to provide business and start-up support, affordable rent and access to networks for small to medium sized enterprises. Bootstrap already has affordable workspace to host over 500 people, and the increased investment made possible by the refinancing will enable Bootstrap to provide additional workspace for start-ups. It will also create an enterprise hub where local young people can get desk space as well as business and career support. Through its tenants Bootstrap is also able to run educational projects that support training and placements for young people. In the summer it operates a rooftop garden to grow vegetables for the on-site cafe and keep a bee garden!

Sara Turnbull, Chief Executive of Bootstrap Company said: “The refinance has allowed us to invest in our building and staff, and we feel confident about the future and the projects we are investing in. I appreciate the guidance, support and effort made by Rob at Fair Business Loans.”

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