Swoop’s customers built and sold a successful children’s day nursery business

A track record of success and a clear financial plan have ensured that these business owners are able to access the funding that will take their business to the next level 

Two of Swoop’s recent customers started out working in very different industries. Today, 14 years later, they are seeing their second children’s day nursery business through a new growth spurt. 

On the back of selling an award-winning business built around three day nurseries, this couple are ready to start to buy and build once more – and were back up to three nurseries operating to their usual high standards. 

The problem? The funding structure in place was restrictive and the value built was not recognised by the funders; this led directly to high costs of borrowing which choked cash flow and restricted further growth.

Swoop proposed refinancing the debt into a single loan with a lower interest rate and longer term and with the flexibility of no early redemption fees. The customers will now benefit from lower monthly payments, reduced interest costs, increased cash flow and improved financial flexibility as they move to a further growth phase.

AnnMarie Swift, Senior Funding Manager at Swoop, worked with the clients to provide a solution. She says: 

“The refinance has been a good opportunity for this business to have the value they have built to be recognised and support a more fit for purpose funding structure which eases their cash flow and saves money.  A capital holiday has allowed them some breathing space as they build up occupancy in the new nurseries. Most importantly of all, they have demonstrated that they are able to build and sell one successful business. Now they are well on the way to repeating their success.”

As for the customer – their feedback couldn’t be more positive:

“Ann Marie was excellent. Good comms throughout and was easily contactable from day 1 until after completion. She understood our needs and worked with us throughout.”

Swoop’s Commercial Mortgage Team has the experience and knowledge to make your property and business ambitions happen. Whether it’s your first investment or your fiftieth, click here to have a conversation with the experts.