Bridging Finance between Business Ventures

Borrower ran a very successful family Pizza and Takeaway business with brothers, sisters and cousins for more than two decades but after a falling out within the family it was decided to sell the business as a going concern.

The business was sold and the Borrowers income ceased. When this happened the Borrowers were unable to meet mortgage repayments and other living expenses and were unable to secure any funding to meet overheads while they looked to re-establish a new Pizza and Takeaway business.

Eastwood Securities was able to provide a capitalised interest only bridging loan to refinance the Home Loan plus utilise the equity available enabling the Borrower to provide working capital so as to meet ongoing living costs whilst establishing their next business.