£75,000 for business expansion, repaid over five years

A broker who was new to Rivers came to us on behalf of a client who had been approved for a business loan with a lender that was known for providing cheap borrowings. They didn't really expect us to provide a better offer, but they wanted to see how the process worked, and the client didn't particularly like the customer service with the other lender.

They were seeking a £75,000 medium-term loan for business expansion, which they wanted to repay over five years. We approved the loan, and while we do not seek to compete on price, we were organically able to offer a rate that was comfortably cheaper than the other lender.

What the client also liked was the ability to always speak to the same person within the Rivers team, enjoying a single point of contact for any questions they have throughout their relationship with us, from the point of application onwards.