ONE STOP BUSINESS FINANCE LIMITED

Business Services

Funds Requested

£95,000.00

Offered so far

£0.00

Loan term

60 MONTHS

Auction Closed

2016-01-28

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About the Business

Company Name: ONE STOP BUSINESS FINANCE LIMITED Company Number: 09139600
Business Type: Business Services Years Trading: Less than 2 years
Business Location: York

About the Risk

Risk rating

B

Default rate

7.10%

Bad debt rate

5.84%

About the Security

Security Offered:

All Assets Debenture

Est. Equity: 0.00

Risk Indicators Identified:

Important Files

Who are we?

Visit our Website

Please note that this loan is not accompanied by a Personal Guarantee from the director please see Profile, FAQ’s, P2P Executive Summary and Business Plan for further information.

One Stop Business Finance Ltd. (OSBF) is a business finance brokerage which has developed a successful own book lending capability. It has the potential to provide peer to peer lenders high quality returns in the long term, with unparalleled security. In almost every case, we are approached by clients when they have been refused credit by their bank. We take our clients through a process based on the Market Summary document attached to this application. If we can identify the most cost effective client solution via mainstream lending we do that for which we are paid a fee by the lender. This allows us to offer this service to the client free of charge. Where mainstream lending does not offer the best solution for whatever reason we will endeavour to meet the clients requirements from our own book lending capability. This approach ensures complete integrity and responsible lending in that we focus at all times on providing the best solution for the client.

Lending from our own book is explained very clearly in the market summary document but in every case loans are fully secured by debenture and directors personal guarantee as a minimum. Where appropriate as an accredited lender for personal guarantee insurance, we will also seek to get personal guarantee insurance in place. The lending decision is always taken responsibly with serviceability from business cash flow absolutely central to the lending decision. We never lend for in excess of 18 months due to the amount that a business can change in a short space of time. Our clients like our offering because we “do the deals the banks can’t do” offering flexible terms which suit their business requirements. For example, we have completed transactions which are interest only for the first three months becoming capital and interest repayment for the remainder of the term. At the opposite end of the spectrum we have completed bridging transactions for a period of only six weeks.

We can make quick decisions and offer loans with no minimum value. All potential loans are subject to a robust and rigorous due diligence process, which ensures that our investors’ interests are protected at all times. Significantly, we instruct Clarion solicitors of Leeds on all transactions. They have delivered several hundred of these types of transaction with only a small percentage culminating in an insolvency process and in every case as a result of the correct security being in place, there has not been a single capital loss.

Our own book lending capability is currently backed entirely by a team of High Net Worth Individuals (HNW’s) who earn between 11% and 15% on an annual basis on the funds they invest with OSBF. To date all loan repayments have been received on time and in full, so we do not have a single client in arrears let alone any defaulted or failed loans.

In order to extend our offering to other investors we intend to seek funding via Rebuildingsociety (REBS) and assuming this is successful, it will be on an exclusive basis. The discussions with Rebuildingsociety have been undertaken at a strategic level to develop a long term relationship and to deliver a high volume solution. In the long term we intend to use the platform to borrow several million pounds by way of a series of loans put onto the platform at regular intervals. This will enable us to remove one interface and speed up the lending process for the client. Additionally, as we build a strong reputation on the platform, we can hopefully drive down our borrowing cost significantly as we become trusted by the REBS lenders.

The intention in the long term is to have a balance of HNW funding and REBS funding, so we can deliver the best possible solution for our clients. By doing so we remove the risk which our competitors have of only one funder.

This section should be read in conjunction with attached files “OSBF Market Summary” and “OSBF Business Plan”.

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Loan Offers

What is the loan for?

The loan will increase our own book lending capability by a further 10% to £1.1m which facilitates further profitable growth. Whilst we have access to a significant level of additional funding from the team of HNW’s it is strategically important to OSBF to develop a strong long term relationship with the REBS investors, so we can deliver the best possible solution for our clients.

The loan offers the lender “belt and braces” as far as security is concerned. Not only are all the client loans fully secured through our own processes as explained above, we are also offering a first ranking debenture over the holding company as additional security. This will rank pari passu with all future funding raised through Rebuildingsociety.

This section should be read in conjunction with the attached file “P2P Funding Executive Summary”.

Why consider investing?

OSBF can offer the REBS lenders high quality returns in the long term, with unparalleled security. We have developed a unique business lending proposition which is expected to grow at an exponential rate over the next few years. Testimonials such as “providing the customer service that the banks say they will” and “making the impossible possible” are as important to OSBF as making our own business successful and it is this philosophy which has driven the sales and profit growth to date.

Making this strategic venture with Rebuildingsociety successful will create growth and enhance reputations for both businesses, whilst at the same time delivering excellent returns for investors.

To date we have lent £1,048k over eleven transactions with all loans fully secured by company debenture and directors personal guarantee as a minimum. Our financial projections for the current financial year show sales of £250k with a PBT of £51k. As this sales value is 73% covered with current order book (with six months to go) it is considered prudent. Next year turnover will increase to £410k and profit to £89k. It goes without saying therefore, that this first REBS loan is fully serviced from business cash flow

With an exceptional and proven track record over almost 30 years in business, the Managing Director has plans in place to ensure that the expected expansion is under control and managed robustly. This section should be read in conjunction with the attached files “OSBF FAQ’s”, “OSBF Balance Sheet”, and “OSBF P + L”.

The YE June 2015 accounts will be filed ahead of draw-down

Security

The loan is to be secured by a first ranking priority over One Stop Business Finance Ltd.

No personal guarantee is available for this loan.

This section should be read in conjunction with the attached files “OSBF Business Plan”, “OSBF FAQ’s” and “P2P Executive Summary”.

DateAmountCapitalInterestReceived
28/02/2016£2,336.55£1,028.71£1,307.83
28/03/2016£2,336.55£1,042.87£1,293.67
28/04/2016£2,336.55£1,057.23£1,279.31
28/05/2016£2,336.55£1,071.79£1,264.76
28/06/2016£2,336.55£1,086.54£1,250.01
28/07/2016£2,336.55£1,101.50£1,235.05
28/08/2016£2,336.55£1,116.66£1,219.88
28/09/2016£2,336.55£1,132.03£1,204.51
28/10/2016£2,336.55£1,147.62£1,188.93
28/11/2016£2,336.55£1,163.42£1,173.13
28/12/2016£2,336.55£1,179.43£1,157.11
28/01/2017£2,336.55£1,195.67£1,140.87
28/02/2017£2,336.55£1,212.13£1,124.41
28/03/2017£2,336.55£1,228.82£1,107.73
28/04/2017£2,336.55£1,245.74£1,090.81
28/05/2017£2,336.55£1,262.89£1,073.66
28/06/2017£2,336.55£1,280.27£1,056.27
28/07/2017£2,336.55£1,297.90£1,038.65
28/08/2017£2,336.55£1,315.76£1,020.78
28/09/2017£2,336.55£1,333.88£1,002.67
28/10/2017£2,336.55£1,352.24£984.30
28/11/2017£69,964.37£68,998.46£965.90
28/12/2017£0.00£0.00£0.00
28/01/2018£0.00£0.00£0.00
28/02/2018£0.00£0.00£0.00
28/03/2018£0.00£0.00£0.00
28/04/2018£0.00£0.00£0.00
28/05/2018£0.00£0.00£0.00
28/06/2018£0.00£0.00£0.00
28/07/2018£0.00£0.00£0.00
28/08/2018£0.00£0.00£0.00
28/09/2018£0.00£0.00£0.00
28/10/2018£0.00£0.00£0.00
28/11/2018£0.00£0.00£0.00
28/12/2018£0.00£0.00£0.00
28/01/2019£0.00£0.00£0.00
28/02/2019£0.00£0.00£0.00
28/03/2019£0.00£0.00£0.00
28/04/2019£0.00£0.00£0.00
28/05/2019£0.00£0.00£0.00
28/06/2019£0.00£0.00£0.00
28/07/2019£0.00£0.00£0.00
28/08/2019£0.00£0.00£0.00
28/09/2019£0.00£0.00£0.00
28/10/2019£0.00£0.00£0.00
28/11/2019£0.00£0.00£0.00
28/12/2019£0.00£0.00£0.00
28/01/2020£0.00£0.00£0.00
28/02/2020£0.00£0.00£0.00
28/03/2020£0.00£0.00£0.00
28/04/2020£0.00£0.00£0.00
28/05/2020£0.00£0.00£0.00
28/06/2020£0.00£0.00£0.00
28/07/2020£0.00£0.00£0.00
28/08/2020£0.00£0.00£0.00
28/09/2020£0.00£0.00£0.00
28/10/2020£0.00£0.00£0.00
28/11/2020£0.00£0.00£0.00
28/12/2020£0.00£0.00£0.00
28/01/2021£0.00£0.00£0.00
Total:£93,851.56£25,180.24