High Street Boutique Finance provides a fast, flexible and reliable service. Our clients receive a personal service, which can be adapted to suit their individual needs. Decisions can be made within minutes and finance can be available within days.
Our Business Finance product is not designed to provide prolonged support to an SME, but to give it the opportunity to grow by offering the financial backing needed to take on new business in a short time frame.
It cuts through red tape so an agreement can be reached within 24 hours of the initial enquiry – with swift access to funds. Because the amount is paid off against a batch of invoices which have been pre-approved by the business, the system offers much more control than traditional invoice factoring.
The ‘Cash Tap’ is flexible because once you have a loan amount agreed you can access it as and when you need to.
Our Development Finance product was launched last spring after High Street Boutique Finance recognised that many private property developers were being left frustrated by banks and were unable to secure funding for new schemes, or for the completion of stalled projects.
Unlike many traditional lenders, High Street Boutique Finance will fund 100 per cent of build costs and can support schemes that have been part-developed.
It will consider finance of up to £1 million and can fund both residential and commercial developments, including new builds, refurbishments and student lets, throughout the UK.
The Development Finance product allows developers to draw down funds when they need them and High Street Boutique Finance will lend against the 90 day valuation figure, rather than the purchase price.
Where possible we always offer roll up of interest to aid cash flow.
- Wings Training
Wings Training has been supported in its recent growth by funding from the Cash Tap, provided by High Street Boutique Finance.
It offers SMEs credit up to £100,000 and funds can be released with an hour of an agreement being signed. Money can be accessed as the need arises, similar to an overdraft facility.
Stuart Hunt, founder and commercial director of Wings Training, said: “I’m delighted with the progress the company has made in such a short period of time. The level of flexibility and accessibility offered by the Cash Tap product has been hugely beneficial to us. High Street Boutique Finance’s support has allowed us to take advantage of new business opportunities, take on new staff and build momentum, to the point where the company is now ready to move up to the next level, with a new office and increased workforce.”
- PDS Construction
High Street Boutique Finance recently supported Yorkshire-based PDS Construction in the building of a private residential development at Green Lane in York, providing just over 50 per cent of the building costs.
Commenting on the Development Finance product, Bruce Clemmit, director of PDS Construction, said: “We were left very frustrated by our bank, which didn’t seem interested in lending in the construction sector.
“We had already laid the foundations at the site but found that a lot of traditional lenders only wanted to fund developments right at the start: they didn’t want to touch them once a spade had been put in the ground.
“High Street Boutique Finance, however, was very supportive of the development – the team were accessible, easy to deal with and responded very quickly. And the ability to draw down on funds when we needed them was very useful, as it greatly helped with cash flow.”