A Gateshead entrepreneur who is set to appear on a BBC property show has sealed a six-figure funding deal to help drive growth.
Dane Nicholson established Zebra Leisure Lease in 2015, specialising in snapping up homes at auctions across the region before refurbishing them to be rented. The business has grown significantly over the last eight years – and in recognition of Zebra Leisure Lease’s growing property empire, Mr Nicholson is set to feature this Spring on BBC One’s Homes under the Hammer, in which experts reveal tricks of the property auction trade.
The company, like other SMEs in the current climate, has found it challenging to secure short-term commercial finance within a tight timeframe through traditional high street banks and other lenders. And the fast-paced nature of property auction deals – and the need to complete purchases within 28 days – means the business needs an agile and responsive finance solution to meet cash flow pressures.
