Finance solution supports opticians transformation

The challenge

A newly acquired opticians based in Dublin, required funding for a practice fit out and equipment in the region of €345k.

The solution

To better understand the unique needs of the opticians, Lorraine Blake, Area Sales Manager, Close Brothers worked closely with the customer to understand exactly what their requirements were.

The customer was offered a tailor-made business term loan for €345K, across a 7-year term with no requirement for deposits and a swift turnaround decision within 48 hours. The term loan provided the practice with immediate access to funds and a manageable repayment plan that aligned with their cash flow as a start-up business.

The result

With the financial support from Close Brothers, the practice was able to successfully complete the fit out and purchase new equipment. This investment proved to be transformative, enabling the practice to enhance their service offerings and improve customer satisfaction.

Lorraine Blake commented: “It’s been a pleasure working with this customer and it’s great to see the practice thrive, knowing our tailored financial solution played a key role.”

Products and services are subject to eligibility, status, terms and conditions and availability. All lending is subject to status and our lending criteria. The right to decline any application is reserved.