Loan launched for brokers hit by credit crunch

The short-term finance specialist says it has received several requests from brokers looking to find solutions to their client’s needs for substantial loans. The problem has been exacerbated by the current panic in world credit markets. The company is offering non status loans and will take security of a first charge secured on property. Initital periods range from one month to one year, which should allow brokers and borrowers time to secure long-term funding. Roy Winston, chairman of Credit & Mercantile, comments: “I am glad that we have the resources to step in so swiftly. However,...