General Finance Centre Thrives in a Struggling Banking Sector

With the banking market in shambles, it is becoming increasingly difficult for businesses to get loans. General Finance Centre believes they have a solution.

Poole, United Kingdom (PRunderground) August 15, 2008 - It is no secret that lenders are stretched too far in today’s economy. It is becoming increasingly difficult for people to get loans — even with good credit, a down payment, and all the old essentials. In fact, the crisis has become such a big problem that even U.S. Senator Christopher Dodd has been quoted saying, “You can’t get a mortgage in America today.” Furthermore, economists forecast that this trend will keep the economy down until the year 2010 and current homeowners can expect an average drop of 25% on their property’s value.

With all of this chaos in the banking and lending sector, how could anyone expect to get a mortgage? A UK based commercial mortgage company, General Finance Centre (GFC), has been able to work with their customers, even under abnormal circumstances, to get them the money they need. In fact, General Finance Centre is currently offering loans as low as £25,000 all the way up to £50,000,000.

GeneralFinanceCentre.com is a great source for customers to learn about the products and services offered by the lender. The website outlines the basic services offered by General Finance Centre and explains the financial benefits to the customer. There have been numerous case studies conducted, all of which point to one conclusion: General Finance Centre works with their customers where other banks have failed.

Case Study 1: Customer wished to purchase a commercial unit at £3,750,000 to sell at a significant profit approximately 3 months later. The customer did not have accounts for the business to verify that sufficient income was available to service the loan, however had a provisional contract to sell the building at £6 million. General Finance Centre raised 100% of the purchase price as a bridging loan at 4.5% over bank base rate, enabling the customer to complete the transaction and yield a potential profit in excess of over £2 million.

Case Study 2: Customer owned a successful health club for which he needed to refurbish and purchase new equipment. The value of the property was quoted by the surveyor at £900,000. General Finance Centre negotiated a business loan of £1.1 million on behalf of the customer (120% of property value) to enable him to fulfill his business objective.

General Finance Centre is clearly willing to work with their clients even under terms or circumstances that would cause other banks to deny an agreement.

Please visit www.generalfinancecentre.com for more information on commercial mortgages.

About General Finance Centre

General Finance Centre was founded in 1989 with the intent to help companies achieve their financial goals. GFC specializes in finding a way through the red tape to secure almost any amount for your business.

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CONTACT INFORMATION:
Name: Tom Sangers
Email: enquiries@generalfinancecentre.com
Phone: 0800 019 5176
Web: www.generalfinancecentre.com

Please direct all questions to the person listed under “contact information” above. PRunderground does
not represent this company, we are simply the distributor of this release.