Business lending: July Deals of the Month


Business lending: July Deals of the Month

Our July Deals of the Month range from lending to a vegetarian restaurant in Kent, to supporting the expansion of a care home company.

Gregor Barclay and Helen Cunningham have opened Saddle Mountain Hostel with support from the Royal Bank of Scotland.

Grove Care

Location

Charlton Hayes

 

Why?

Grove Care is developing Olive Tree House with help from NatWest. Building is now underway and the facility is due to open in June next year and it is expected to create between 80 and 100 new jobs.

It will be the fourth care home for the company, which runs dementia care home The Grove, and Blossom Fields, a nursing home for the elderly, both in Winterbourne, and dementia care home Oriel Lodge, near Larkhall on the outskirts of Bath. The company also runs Grove Mews, a development of luxury retirement apartments next to The Grove and Blossom Fields.

 

The new home will provide accommodation for 65 people and will be next door to 25 retirement apartments.

 

Key individuals involved:

Sarah McCarthy Taylor, Director of Grove Care and NatWest Relationship Director Adam Hughes.

 

 

Saddle Mountain Hostel

Location

Invergarry

 

Why?

Gregor Barclay and Helen Cunningham have taken a £75,000 business loan from the Royal Bank of Scotland to help them open Saddle Mountain Hostel.

The hostel in Invergarry, which sleeps up to 26 people, was rebranded and launched in time for visitors coming to the Great Glen during the summer season.

In preparation for their first summer they used their new branding throughout the hostel, refurbished the lounge and dining room and over the next 18 months the hostel will be developed further to make it attractive to travellers at any time of the year.

 

Key individuals involved:

Owners of Saddle Mountain Hostel, Gregor Barclay and Helen Cunningham, and RBS Relationship Manager Allan Macdonald.

 

 

Singh's

Location

Gravesend, Kent

 

Why?

Singh’s, a family-run restaurant catering for vegetarians in Kent and beyond, opened recently in Gravesend after receiving funding support from NatWest.

The restaurant’s aim is to introduce a new generation of Indian and Indo-Chinese dishes to the vegetarian community, including Gravesend’s large Sikh population.

The family worked closely with NatWest Relationship Manager, Rav Sall, who arranged start-up funding to help the business get off the ground.

 

Key individuals involved:

Owners Parvinder Singh Lalli and Jaspreet Kaur Lalli and NatWest Relationship Manager Rav Sall.

 

 

CPF Installation Ltd

Location

Dukinfield, Tameside

 

Why?

CPF Installation Ltd has purchased new premises in Dukinfield following a six-figure funding deal with NatWest.

The firm specialises in a range of commercial, industrial and retail builds with services ranging from  civil and structural adaptations to commercial office furniture installation.

 

Founded in 2008, CPF Installation had been renting three buildings prior to the purchase and can now run the business from one large building making it more efficient.

 

Key individuals involved:

Andy Hibbert, Director at CPF Installation and NatWest Relationship Manager Jamie Grimshaw

 

 

Tagged

2015

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