A newly established supermarket secured £100,000 to expand into a butcher’s section, no filed accounts, no property security, completed in 5 working days.
The Client
A supermarket owner was looking to expand the business by adding a butcher’s section to the existing shop floor. The space was already available within the premises. What was needed was £100,000 to cover materials, builders, and the full fit-out to make it operational. The owner was confident the addition would drive long-term revenue growth and improve the shop’s offering to its customer base.
The Challenge
The case had two significant obstacles that would have ended most business loan applications before they started.
The Opportunity
The client was not a homeowner, removing property security as an option. The business had also been established in November 2024, meaning there were no filed accounts and no draft accounts available to support the application.
How It Was Resolved
Rainstone leveraged a strong existing lender relationship to make the case directly. The lender’s initial position was to require draft accounts before proceeding. Through direct engagement, Rainstone negotiated a waiver of that requirement, allowing the application to move forward on the strength of the business case and the relationship rather than documentation that did not yet exist.
The Outcome
- £100,000 business loan approved and funded for a supermarket owner with no filed accounts and no property security
- Draft accounts requirement waived by the lender following direct negotiation by Rainstone
- Full process completed in 5 working days from initial application to funds received
- Works now underway to build out the butcher’s section, with the fit-out funded in full
- The expansion positions the business for increased footfall and revenue from an entirely new product line
“Lender relationships matter most when the case doesn’t fit the standard criteria. No accounts, no property security, and a 5-day deadline would have stopped this deal with most brokers. Knowing the lender and being able to make the case directly is what got it done.”
Need business funding
quickly and don’t fit the standard criteria? Whether it’s a new business, no property security, or a tight timeline, speak to Rainstone Money to find out what’s possible.
