66. Pure Commercial Finance
The commercial finance brokerage helping businesses, property developers and property investors find finance that works for them
Founder: Ben Lloyd
Founded: June 2013
During his eight years working in commercial finance for Barclays, Ben Lloyd noticed that most commercial or investment properties or plots of land don’t fit with traditional lending models – meaning people often end up with an unsuitable deal.
He spotted a gap in the market for something a bit more specialist: a broker that offered tailored finance packages around a property or deal. Charging clients a fee for funding their deal, as well as taking commission from the lender, Pure Commercial helps businesses, property developers and property investors find finance that works for them. The business offers services ranging from commercial mortgages to buy-to-let mortgages and invoice, bridging and development finance.
To date, the company has helped more than 100 clients secure funding and is set to double turnover to £1.6m in 2016. Lloyd says he and his team of 10 have started to “fund some very large deals” from some major property professionals including raising £8m for a plot of land in London and more than £5m for a hotel.
Having grown organically, Pure Commercial plans to build on this success over the next year, taking advantage of its growing reputation in the marketplace and returning clients to work on bigger, more complex and more lucrative deals…