Banking boost for Belvoir

first_imgHome » News » Agencies & People » Banking boost for Belvoir previous nextAgencies & PeopleBanking boost for BelvoirThe Negotiator17th July 20180353 Views Belvoir Lettings plc has finalised an acquisition related loan facility from HSBC, which is part of a refinance package with the bank of up to £17m.Headquartered in Grantham, Lincolnshire, Belvoir Lettings operates the UK’s largest high street franchised network of residential lettings and estate agents and aims to accelerate business growth through the acquisition of additional franchises and property-related service companies.The HSBC acquisition fund is part of a Revolving Credit Facility, up to £17m and includes £6.5m refinancing of existing borrowing. Louise George, CFO at Belvoir Lettings, said, “When it came to providing the funding to support our immediate and longer-term growth ambitions, HSBC stepped in and offered facilities that were both competitive and flexible enough to meet our needs.”Roger Pratt, HSBC Area Director, Corporate Banking, East Midlands, said, “The lettings industry is going through a period of consolidation with increasing regulations placing pressures on administrative tasks for smaller agencies. We’re delighted to welcome Belvoir to HSBC and look forward to supporting the business as it continues to push forward its ambitious acquisition strategy.”HSBC HSBC banking loan Belvoir Belvoir Lettings PLC July 17, 2018The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more

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