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How do Lenders assess Development Finance?

April 2021 In last week’s home-schooling tasks, Robyn was asked to build a bridge from junk art.  I was eager to project manage and tell her about the benefits of Development Finance and how to access it.  However, why wife told me the bridge building task is supposed to be fun. Anyhow, if Robyn had […]

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NI Glamping Holiday Company Secures £500k Investment

Luxury glamping firm FURTHER.SPACE has secured £500,000 of funding through Whiterock Finance’s Growth Finance Fund. This investment will fund growth plans to expand across the UK and Ireland for 2021. FURTHER.SPACE take a unique approach to the glamping market by partnering with rural landowners who own pieces of land in one-of-a-kind locations to create micro-tourism […]

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Building resilience in the face of change

December 2020 Looking back on 2020 it is fair to say that it hasn’t quite turned out as most of us anticipated from both a personal and a business perspective. The implications of the COVID-19 pandemic have been significant and continue to unfold as the situation evolves. Whilst the pandemic was impossible to predict, it is […]

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Investment Finance… IRRs and WAULTS

March 2021 A hair salon or large retailer, which is the better tenant……?  In the current pandemic I could make an equal number of arguments for both.  That said, I expect to see longer “socially distanced” queues outside hair salons in the not too distant future. Residential and Commercial investments can offer attractive returns to […]

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Online Bed Linen Company Secures Growth Finance Fund Boost

Luxury bed linen company Linenbundle has secured a £1m funding boost from the Growth Finance Fund. The funding will be used to support further job creation and the increased inventory requirement following 170% growth over the past year. Finance for the £30m Growth Finance Fund has been provided by the British Business Bank, Invest Northern Ireland […]

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Why Lenders love EBITDA – PART 2

January 2021 In Why Lenders love EBITDA –PART 1 we described what EBITDA means and how Lenders assess it when considering a new loan request. By considering a business’ EBITDA, a Lender will have a reasonable indication of how much cash a business generates which will be used to repay existing and new loans.  This […]

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Why Lenders love EBITDA – PART 1

January 2021 If you or your advisor have approached your lenders to seek a loan, I have no doubt that one of the questions asked of you was “what is the EBITDA?”. Lenders love to talk about EBITDA, whether it is past, current or forecast, they cannot get enough of it.  Why so?  It is […]

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Linen Mill Studios avails of £3.5m funding for the Game of Thrones Studio Tour

Linen Mill Studios has secured £3.5m of funding through Whiterock Finance’s Growth Finance Fund and Growth Loan Fund II towards the cost of its landmark new Game of Thrones Studio Tour visitor attraction. Linen Mill Studios has received planning permission for construction of the Game of Thrones Studio Tour, which is being developed under licence […]

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COVID-19 ~ 18th March 2020

Whiterock Finance is monitoring the COVID-19 situation closely. We are taking the appropriate measures in accordance with the latest Government advice. We have a robust business continuity plan so that we can continue to provide support to our customers with minimum disruption. Our main priority is the health and wellbeing of our staff, customers and […]

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Cirdan Imaging receives £1.5M funding to boost R&D

Cirdan Imaging Ltd (Cirdan), a medical informatics and imaging technology company in Lisburn has received a £1.5m funding boost from the Growth Finance Fund, it was announced today.  Cirdan plans to create 50 new jobs over the next three years and has used the funding to facilitate its expansion plans with a move to a […]

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Neurovalens set for American debut with £750K funding from GFF

Belfast-based med-tech company Neurovalens has received £750,000 from the Growth Finance Fund.  The funding will support the launch of the company’s new Sleep product in the USA later this year. Finance for the £30m Growth Finance Fund has been provided by the British Business Bank, Invest Northern Ireland and private investors, Northern Ireland Local Government […]

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£2M of funding sourced for Harland & Wolff

Our Commercial Brokerage is pleased to announce the completion of a £2M asset backed facility for the newly acquired Harland & Wolff. WhiteRock Finance sourced and secured the funding offer within 2 weeks of the engagement. The business was in Administration for almost a year until InfraStrata PLC purchased the trade and assets in October […]

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