For some people, securing funding when running a business can be daunting, but when you recruit the right people to help you, things often seem a lot clearer.
This is exactly why Lucy Hope at Bespoq Commercial Solutions is becoming known as ‘the right person’.
Lucy, a Durham University graduate, worked in commercial banking for over ten years and began noticing an industry change from a focus around relationship management to a clear strategy to cut costs and maximise short-term profits.
As a result, she found many business owners no longer had bank managers and trusted advisors who understood their plans.
In May 2016, Lucy opened the doors to Bespoq Commercial Solutions in the heart of Sunderland city centre and began helping business owners secure the best funding for successful growth.
She explains: “I created the Bespoq brand with the purpose of working closely with entrepreneurs, providing help and support that banks could no longer offer. This meant matching requirements with funding providers across the market and considering proposals that do not meet typical bank lending criteria.
“We work towards understanding business needs and finding the right lender who can help achieve client goals. As former bank managers, we understand the credit approval process from start to finish.”
A proud mother and avid horse rider, Lucy, along with her business associate Colin Lynch, has been able to add a personal touch to the business, helping clients find a balance between work and personal life, taking away a lot of the stress that goes into running your own business.
Lucy adds: “We are members of the National Association of Commercial Finance Brokers, which gives us access to a huge range of lenders. We are directly authorised by the Financial Conduct Authority so we can advise sole traders and partnerships as well as limited companies. We also have great relationships with all the high street banks and are delighted to be one of the chosen intermediaries for Atom Bank.”