RBS helps couple realise their business ambitions

RBS helps couple realise their
business ambitions
• Husband and wife team purchase their first
Dental practice
• EFG loan utilised to assist SME’s
• Retaining existing staff
Above: The team at Rendlesham
Husband and wife team, Raheem Achour and Stacey Gore, have purchased their
first dental practice in Rendlesham, Suffolk after securing debt facilities from
The Royal Bank of Scotland (RBS). The duo already has experience working at
Rendlesham Dental Practice and it was opportune to take the next step when
the previous owner announced retirement.
Raheem and Stacey have been actively looking to fulfil their dream of owning
and running a dental practice for the past two years. The funding and
purchase completed days before their second child was born, making it
even more memorable.
Tracy Westley, relationship manager at RBS, worked with the couple to help
them secure the best funding options available. Tracy suggested the Enterprise
Finance Guarantee Scheme to support SMEs like Raheem and Stacey. The
government backed EFG scheme is designed to provide businesses with the
necessary working capital or investment finance. Under the scheme the
Government will guarantee 75% of any loans made and the bank covers the
remaining 25%. David Brewer, a local broker at FTA Finance, introduced the
deal to RBS.
Stacey Gore, joint owner of Rendlesham Dental Practice explains,
“It was a huge relief to complete the purchase of the dental practice and
I’m delighted we were given this opportunity to buy it from the previous
owner, who we both know very well as I have worked as an associate there
for a number of years. RBS have been very supportive and patient on our
two-year journey. The dream has become a reality.”
“RBS have been very supportive
and patient on our two-year
journey but we were delighted
Tracy was on board to talk us
through the funding option
available.”
Stacey Gore,
Joint Owner,
Rendlesham Dental Practice
To find out more
For further information, please
contact your Relationship Manager
www.rbs.co.uk/business
Tracy Westley, relationship manager at RBS, added, “I am thrilled Raheem
and Stacey have realised their dream of owning their own business. I worked
closely with them both throughout and although it was a lengthy transaction
I was determined to put the correct finance in place to suit their requirements
and business model.”
The borrower remains liable for 100% of the outstanding debt and normal recovery and enforcement procedures will be undertaken by the
Bank before calling on the scheme guarantee. Some sectors are excluded from this scheme and restrictions may apply to others.
Security may be required. Products fees may apply. Over 18’s only
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IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER DEBT SECURED ON IT
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