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Specialist Children’s Day Nursery Finance Brokers Sterling Capital Reserve Limited has secured funds for clients to purchase their first day nursery in the Lake District.
This professional finance brokerage is the largest in the Midlands and regularly sources funds for new and existing nursery owners, through its day nursery funding arm. This can be for a variety of purposes such as purchase, expansion, renovation or simply refinance an existing mortgage.
Former primary school teaching professionals Bill and Julie Richardson not only made a career change but moved to the opposite side of the UK to acquire the Strawberry How Nursery School. Moving from their native Stockton on Tees to Cockermouth in Cumbria was required to achieve their goal of running a now highly rated day nursery.
With the help of an excellent business plan prepared by Bill and Julie, Day Nursery Funding was able to secure a 60 per cent loan to value commercial mortgage through a high street bank. Andrew Hunt of Day Nursery Funding managed the deal from initial enquiry through to completion, liaising with solicitors, accountants, valuers and the bank as required to ensure the deal went through.
Bill said: “We approached several banks during a time when trying to raise funds for a new business venture was virtually impossible. We felt the best move for us was to contact a financial consultant and we were very fortunate to find Andrew Hunt at Sterling Capital Reserve Ltd. He supported and guided us through the whole process and without his expertise and professionalism the deal would certainly not have gone through.”