October 20, 2024
Jerroms Mortgage & Finance assist Railway Support Services Ltd with £100K loan
Jerroms Mortgage & Finance successfully assisted Railway Support Services Ltd with securing a £100K loan for the purchase and refurbishment of two 08 Shunters, known as "Gronks".
Obtaining funding for a project of this nature can pose challenges due to the fact the equipment is very specialised, dates back to the late 1950s, and is hired out to rail operators on long-term contracts which complicates the process of repossession and potential resale if necessary.
Jerroms Mortgage and Finance collaborated closely with Asset Advantage Ltd, one of its panel Lenders and patrons of the NACFB.
Richard Rigg, Jerroms Mortgage & Finance said: "By clearly understanding the essence of the asset and its significance for the end user and the broader rail network, Asset Advantage successfully tailored the ideal deal for the customer. This deal is the most recent in a series completed with Asset Advantage for this customer. The personalised underwriting approach provided by Asset Advantage is indispensable for us."
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Jerroms Mortgage & Finance Ltd is registered in England and Wales. Registered number 11459888. Registered Office address as above. Authorised and regulated by the Financial Conduct Authority (reference number: 829252). Mortgages Together, Stratford Corporate Finance and Business Finance Quote are trading names of Jerroms Mortgage & Finance Ltd. VAT No. 326 4715 04.
Jerroms Financial Planning is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference 300784. Registered in England and Wales under reference 4710626. Registered office address: Lumaneri House, Blythe Gate, Blythe Valley Park, Solihull, West Midlands B90 8AH.
Client Directors of the firm are not directors of Jerroms and are not subject to the obligations and responsibilities of directors within Part 10 of the Companies Act 2006.
Jerroms is a trading style of both Jerroms Business Solutions Limited (08923059) and Jerroms GCN Limited (08433008). Registered Office for each of these Companies is: Lumaneri House, Blythe Gate, Blythe Valley Park, Solihull, West Midlands, B90 8AH. A list of directors is open for inspection at the Registered Office.
