Business lending: November Deals of the Month


Business lending: November Deals of the Month

Our November Deals of the Month range from a six-figure loan to support an enterprising young woman achieve her life-long business ambition, to a £30 million funding package that sets up a classic cars specialist for further growth.

Left to right: head nurse Rachel Simpson, trainee nurse Sally Bingley, vet and business owner Cara Golden, head receptionist Kate Woolley, and NatWest relationship manager Steve Cripps, with Lucky the dog.

Each month, we profile five key SME banking deals supported by RBS and NatWest business banking and commercial banking teams around the UK. 

Sarginsons Industries Ltd

Location

Coventry

Amount lent

A six-figure finance package from NatWest and its asset finance arm, Lombard.

Why

Established in 1936 and with a headcount of 85, Sarginsons Industries Ltd is an aluminium castings manufacturer that services the automotive sector and its supply chain across the Midlands, UK and overseas. The deal has enabled the business to purchase new melting and holding furnaces, which in turn will increase production capacity, and significantly reduce both energy consumption and CO2 emissions.

Key individuals involved

Roy Sims, Sarginsons’ chief executive, and John Wigley, relationship director for NatWest.

 

East London Dental Care

Location

Plaistow

Amount lent

A six-figure loan from NatWest through the government-backed Funding for Lending Scheme.

Why

Thanks to a six-figure investment received from NatWest, an enterprising young woman achieved her life-long business ambition by becoming the business owner of an East London independent dental care practice. The investment saw Dr Kaur and her partner purchase the practice, complete refurbishment works, install new equipment, upgrade machines and retain existing staff members.

Key individuals involved

Business owner Dr Amandeep Kaur and Ann Judd, local business development director for NatWest.

JD Classics

Location

Essex

Amount lent

£30 million


Why

Founded in the eighties, JD Classics specialises in the restoration, retail and racing of historically important classic cars. The funding arrangement with RBS has enabled the business to further increase its share of the classic Ferrari market and enabled further diversification with increased focus on brands such as Mercedes and Porsche.

Key individuals involved

Anthony Wenyon, CEO of JD Classics, and Ben Dawson, structured finance director for RBS.
 

Tagged

2014

Latest news

RBS to help 2.5 million people each year to be more financially capable

RBS has today committed to helping 2.5 million people in the UK each year to improve their financial capability.

RBS to increase lending to sustainable energy sector following £1.1bn securitisation of loans to UK sustainable energy market

RBS has executed a £1.1bn securitisation deal with Macquarie Infrastructure Debt Investment Solutions (MIDIS), which will allow the bank to recycle capital and increase lending to the sustainable or renewable energy sectors.

RBS launches £1 billion Female Entrepreneurship Funding and announces targets to help create at least 50k new businesses by 2023

RBS has today announced a new £1 billion in funding through NatWest to support female entrepreneurs in the UK to scale and grow – the largest intervention by a UK lender focused specifically on female-led businesses.

Set Tab for lightbox