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Lloyds TSB Corporate Markets
Banking with us > Why we're different > Other success stories > Principal Group builds on success 

Principal Group builds on success

The challenge

 

  • Support establishment of new business arm developing residential properties.
  • Provide flexible borrowing structure for first development.
  • Fund purchase of land for future projects.

The solution

 

We provided a flexible funding structure for the Group’s purchase of plots for development, and for its ongoing development projects.

“This deal allowed us to show an entrepreneurial side to what we do,” says Simon Blackbourn, relationship manager at Lloyds TSB Corporate Markets. “And we knew we could match a flexible funding structure to PG’s needs.”

Paul Cooper, Managing Director of Principal Homes is delighted with the relationship and service he receives from Simon and his team, “We talk on a regular basis, and we both know where the other is coming from in terms of what we need to achieve from a conversation.”

 

Why Lloyds TSB Corporate Markets?

 

  • Thorough knowledge of group’s business and objectives.
  • Flexible offering and attractive rates.
  • High service levels and strong relationships.

To find out how we could help your business, contact us.

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