Mr D had run a well established pharmacy for 16 years. An opportunity arose to buy the freehold of the premises he traded from. However the purchase was complicated when it was discovered that the freehold for 3 of the connected units within the retail block came under a single title deed. Mr D asked Tom Rocks Finance for help to fund the acquisition. Tom Rocks Finance were able to secure £400,000. This consisted of a loan of £250,000 and a £150,000 receivables facility
An existing independent chain wanted to buy two pharmacies at a cost of £2.5m. Their own bank offered them a 2.8% interest rate over a maximum period of 10 years. After a meeting with Tom Rocks Finance we secured a loan for the full amount of £2.5m at a lesser interest rate of 2.5% over the preferred period of 15 years. The customer was delighted and switched banks to the loan provider as a result.