Hospitality was amongst the most heavily impacted industries by the Coronavirus pandemic and the subsequent lockdowns. Drenagh Country Estate in Northern Ireland, a specialist wedding and conference venue, faced a year with little income due to the reduced size, postponement and cancellation of many events. Like many businesses, this left it with overheads mounting but no income. Fiduciam granted it a Coronavirus Business Interruption Loan Scheme (CBILS) commercial mortgage to substantially lower its financing costs during this difficult period. Fiduciam granted approximately £200 million in CBILS loans during the pandemic, making a significant and lasting difference to many UK SMEs. |
Fiduciam accredited for the Recovery Loan Scheme (RLS)
As an accredited lender, we are keen to assist SMEs recover from the Covid-19 pandemic with business bridge, refurbishment and development loans between £250,000 and £10 million. Fiduciam can offer facilities to new and existing customers with terms of up to three years.
Fiduciam seals complex bridge loan in Belfast
Over just six weeks, Fiduciam worked with three different law firms across three jurisdictions to provide our client with the funds and time to continue their business, and mitigate the impact of the past year.
Fiduciam loan enables Carbis Bay hotel to recommence trading in time for G7
In just 6 weeks Fiduciam has provided £7.5 million in funding for the refurbishment and reopening of a hotel in Cornwall. Despite facing a highly complex planning and title situation, we have completed the transaction quickly so that the hotel could accommodate the G7 police forces.
Fiduciam completes €10m loan for Barcelona development during COVID-19
Once more, Fiduciam has overcome a problem that many developers face with traditional bank financing. This loan enabled the developer to settle both the main contractor account and redeem a Spanish bank loan in full.