Variety is the spice of life for Watts Commercial’s Scotland Duo

Emma Ross, Phil Gray, and Dean Thomson of Watts Commercial Finance

WATTS Commercial Finance continue to support a wide variety of SME business throughout the country as news emerged last week of the national lockdown being extended until at least the middle of February.

Over the last few weeks, the team has successfully secured over £3.5m of funding offers for clients across the country on a variety of projects including:

£39,000 commercial mortgage for an aesthetics and beauty training centre in Ayrshire

£110,000 capital raise against an Indian Restaurant for further commercial investment.

£422,500 commercial investment in Glasgow for a client building on their commercial property portfolio.

£1.2m bridging loan for a client in Nottinghamshire who required funding quickly to secure the ideal property for their trading business.

Emma Ross, Commercial Manager at Watts Commercial Finance said; “While this is a testing time for many businesses in the leisure and retail industries, we have been inundated with a variety of enquiries from SME businesses.

A number of business owners who have previously rented are taking advantage of their strong trading records to secure funding on their own commercial premises while commercial landlords are taking advantage of the LBTT (Land and Building Transaction Tax) threshold increase before this reverts to the lower rate at the end of March.”

Dean Thomson, Commercial Manager at Watts Commercial Finance added; “To sustain the success of Scotland’s SMEs, it is vital that business owners can access funding when they need it. Through consistent communication with our dedicated panel of lenders, not only can we access competitive rates for our clients but we can also ensure that each deal is being placed with an appropriate lender who is committed to seeing SME businesses thrive as much as we are here at Watts.

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