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Newstead Insurance Brokers

Firm name(s)Integritas Financial Solutions
Deal typeRestructuring
Industry sectorInsurance
Integritas are delighted to announce the completion of another successful deal in the general insurance sector.  Newstead Insurance Brokers are a long-standing client who originally approached Integritas in 2014 to help them fund the restructure of their business. Having made significant inroads into their previous loan and seeing the benefits from their investment, they asked Integritas to source a new loan to continue their expansion into new territories, including the opening of a new office. The existing crowd funding lender has been more than happy to support Newstead and has significantly reduced their interest rate, based on the progress the business has made.  
Paul O’Donnell  - Managing Director commented: 
“Paul at Integritas contacted me again, just as we were thinking about funding several strategic projects. Integritas had already sought outline agreement from the crowd funder, which made the whole process so much easier and gave us confidence to progress, knowing that we had already been ‘pre approved’. It was also a delightful surprise to find that the lender was prepared to reduce their interest rate, based on the progress we had made in our trading performance since their initial support.” 
Paul Saunders, Director of Integritas added: 
“It is great to work with Paul and his team again and to deliver this loan from start to finish in under three weeks. Crowd Funding really can help brokers who are looking to raise smaller sums of money and provides an excellent alternative to more traditional bank funding, which could never be arranged this swiftly. Achieving a reduction in the interest rate has been an added bonus and a reminder to all that refreshing your finances is often worthwhile.” 
Completion date4th December 2017
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