John McKenzie, Founder and Managing Director of GlenWyvis distillery, and Hazel Allen, Finance Director, explain how Close Brothers built a tailored lending package fit for their unique situation.
Close Brothers’ long-term approach was fundamental to providing the financial support needed to bring to life the vision of entrepreneur John McKenzie. Because whisky requires a significant incubation period, the business would not be profitable for several years, putting off many other lenders without the specialist expertise of Close Brothers.
The agility and speed of Close Brothers’ response eased the complex processes involved in setting up a new business enabling GlenWyvis to secure vital equipment and investment.
Knowing GlenWyvis would be borrowing over the long-term, Close Brothers built-in a soft-start lending approach. This commitment to the GlenWyvis business provided John with the stability and reassurance necessary to launch the distillery.