{"componentChunkName":"component---src-templates-tide-templates-kv-2-template-index-tsx","path":"/knowledge/mezzanine-finance/","result":{"pageContext":{"slug":"mezzanine-finance","contentful_id":"7wqFdEhgbVw8fi5RE8wCRK","title":"Mezzanine finance","metaDescription":"Boost leverage for development, acquisitions or growth. Compare mezzanine finance options alongside senior debt. Check feasibility in minutes.","isNoindex":false,"seo":{"type":"application/ld+json","contents":{"contents":"{\n  \"@context\": \"https://schema.org\",\n  \"@graph\": [\n    {\n      \"@type\": \"WebSite\",\n      \"@id\": \"https://www.fundingoptions.com/#website\",\n      \"name\": \"Funding Options by Tide\",\n      \"url\": \"https://www.fundingoptions.com/\",\n      \"publisher\": { \"@id\": \"https://www.fundingoptions.com/#organization\" },\n      \"inLanguage\": \"en-GB\"\n    },\n    {\n      \"@type\": \"Organization\",\n      \"@id\": \"https://www.fundingoptions.com/#organization\",\n      \"name\": \"Funding Options by Tide\",\n      \"url\": \"https://www.fundingoptions.com/\",\n      \"logo\": {\n        \"@type\": \"ImageObject\",\n        \"@id\": \"https://www.fundingoptions.com/#org-logo\",\n        \"url\": \"https://www.fundingoptions.com/static/img/logo.png\"\n      },\n      \"sameAs\": [\n        \"https://www.linkedin.com/company/funding-options/\",\n        \"https://twitter.com/FundingOptions\",\n        \"https://www.facebook.com/FundingOptions/\",\n        \"https://www.instagram.com/fundingoptions/\",\n        \"https://vimeo.com/fundingoptions\"\n      ],\n      \"aggregateRating\": {\n        \"@type\": \"AggregateRating\",\n        \"ratingValue\": \"4.8\",\n        \"reviewCount\": \"1300\"\n      }\n    },\n    {\n      \"@type\": \"Person\",\n      \"@id\": \"https://www.fundingoptions.com/#person-joe-morley\",\n      \"name\": \"Joe Morley\",\n      \"jobTitle\": \"Senior Finance Writer\",\n      \"url\": \"https://www.fundingoptions.com/author/joe-morley/\"\n    },\n    {\n      \"@type\": \"Person\",\n      \"@id\": \"https://www.fundingoptions.com/#person-vivek-seda\",\n      \"name\": \"Vivek Seda\",\n      \"jobTitle\": \"Senior Finance Specialist\",\n      \"url\": \"https://www.fundingoptions.com/author/vivek-seda/\"\n    },\n    {\n      \"@type\": \"LoanOrCredit\",\n      \"@id\": \"https://www.fundingoptions.com/knowledge/mezzanine-finance/#entity\",\n      \"name\": \"Mezzanine finance\",\n      \"description\": \"Hybrid funding that sits between senior debt and equity, used to boost leverage for property development, acquisitions and business growth.\",\n      \"url\": \"https://www.fundingoptions.com/knowledge/mezzanine-finance/\"\n    },\n    {\n      \"@type\": \"WebPage\",\n      \"@id\": \"https://www.fundingoptions.com/knowledge/mezzanine-finance/#webpage\",\n      \"url\": \"https://www.fundingoptions.com/knowledge/mezzanine-finance/\",\n      \"name\": \"Mezzanine finance – Increase leverage for development, acquisitions and growth\",\n      \"isPartOf\": { \"@id\": \"https://www.fundingoptions.com/#website\" },\n      \"about\": { \"@id\": \"https://www.fundingoptions.com/knowledge/mezzanine-finance/#entity\" },\n      \"breadcrumb\": { \"@id\": \"https://www.fundingoptions.com/knowledge/mezzanine-finance/#breadcrumb\" },\n      \"datePublished\": \"2025-10-07\",\n      \"dateModified\": \"2025-10-07\",\n      \"inLanguage\": \"en-GB\",\n      \"primaryImageOfPage\": {\n        \"@type\": \"ImageObject\",\n        \"url\": \"https://www.fundingoptions.com/static/img/og/funding-options-knowledge.jpg\"\n      },\n      \"publisher\": { \"@id\": \"https://www.fundingoptions.com/#organization\" },\n      \"speakable\": {\n        \"@type\": \"SpeakableSpecification\",\n        \"cssSelector\": [\"h1\", \"p.intro\", \".faq-item\"]\n      }\n    },\n    {\n      \"@type\": \"BreadcrumbList\",\n      \"@id\": \"https://www.fundingoptions.com/knowledge/mezzanine-finance/#breadcrumb\",\n      \"itemListElement\": [\n        { \"@type\": \"ListItem\", \"position\": 1, \"name\": \"Home\", \"item\": \"https://www.fundingoptions.com/\" },\n        { \"@type\": \"ListItem\", \"position\": 2, \"name\": \"Knowledge\", \"item\": \"https://www.fundingoptions.com/knowledge/\" },\n        { \"@type\": \"ListItem\", \"position\": 3, \"name\": \"Mezzanine finance\", \"item\": \"https://www.fundingoptions.com/knowledge/mezzanine-finance/\" }\n      ]\n    },\n    {\n      \"@type\": \"Article\",\n      \"@id\": \"https://www.fundingoptions.com/knowledge/mezzanine-finance/#article\",\n      \"headline\": \"Mezzanine finance – Increase leverage for development, acquisitions and growth\",\n      \"alternativeHeadline\": \"What mezzanine finance is, how it works, costs, eligibility and how to apply\",\n      \"description\": \"Learn how mezzanine finance can ‘top up’ senior debt for property development, acquisitions and growth. Understand costs, security, intercreditor, eligibility and alternatives.\",\n      \"mainEntityOfPage\": { \"@id\": \"https://www.fundingoptions.com/knowledge/mezzanine-finance/#webpage\" },\n      \"about\": { \"@id\": \"https://www.fundingoptions.com/knowledge/mezzanine-finance/#entity\" },\n      \"author\": { \"@id\": \"https://www.fundingoptions.com/#person-joe-morley\" },\n      \"editor\": { \"@id\": \"https://www.fundingoptions.com/#person-joe-morley\" },\n      \"reviewedBy\": { \"@id\": \"https://www.fundingoptions.com/#person-vivek-seda\" },\n      \"publisher\": { \"@id\": \"https://www.fundingoptions.com/#organization\" },\n      \"datePublished\": \"2025-10-07\",\n      \"dateModified\": \"2025-10-07\",\n      \"inLanguage\": \"en-GB\",\n      \"image\": {\n        \"@type\": \"ImageObject\",\n        \"url\": \"https://www.fundingoptions.com/static/img/og/funding-options-knowledge.jpg\"\n      },\n      \"isAccessibleForFree\": true,\n      \"articleSection\": [\n        \"Key takeaways\",\n        \"What is mezzanine finance\",\n        \"How mezzanine works in the capital stack\",\n        \"Common use cases\",\n        \"Typical amounts and terms\",\n        \"Costs and fees\",\n        \"Eligibility and documents\",\n        \"Pros and cons\",\n        \"How to apply\",\n        \"Alternatives\",\n        \"FAQs\",\n        \"Why Funding Options by Tide\"\n      ],\n      \"mentions\": [\n        { \"@type\": \"LoanOrCredit\", \"name\": \"Secured business loans\", \"url\": \"https://www.fundingoptions.com/knowledge/secured-business-loans/\" },\n        { \"@type\": \"LoanOrCredit\", \"name\": \"Revolving credit facility\", \"url\": \"https://www.fundingoptions.com/knowledge/revolving-credit-facility/\" },\n        { \"@type\": \"FinancialProduct\", \"name\": \"Property development finance\", \"url\": \"https://www.fundingoptions.com/knowledge/property-development-finance/\" },\n        { \"@type\": \"FinancialProduct\", \"name\": \"Commercial property finance\", \"url\": \"https://www.fundingoptions.com/knowledge/commercial-property-finance/\" },\n        { \"@type\": \"LoanOrCredit\", \"name\": \"Bridging loans\", \"url\": \"https://www.fundingoptions.com/bridging-loans/\" },\n        { \"@type\": \"FinancialProduct\", \"name\": \"Asset finance\", \"url\": \"https://www.fundingoptions.com/knowledge/asset-finance/\" }\n      ]\n    },\n    {\n      \"@type\": \"FAQPage\",\n      \"@id\": \"https://www.fundingoptions.com/knowledge/mezzanine-finance/#faq\",\n      \"isPartOf\": { \"@id\": \"https://www.fundingoptions.com/knowledge/mezzanine-finance/#webpage\" },\n      \"mainEntity\": [\n        {\n          \"@type\": \"Question\",\n          \"name\": \"Is mezzanine finance debt or equity?\",\n          \"acceptedAnswer\": {\n            \"@type\": \"Answer\",\n            \"text\": \"It is hybrid: legally debt but with equity-like risk/return features such as PIK interest or warrants.\"\n          }\n        },\n        {\n          \"@type\": \"Question\",\n          \"name\": \"Do I need security or a personal guarantee?\",\n          \"acceptedAnswer\": {\n            \"@type\": \"Answer\",\n            \"text\": \"Usually a second charge or a company debenture; personal guarantees may be requested, case-by-case.\"\n          }\n        },\n        {\n          \"@type\": \"Question\",\n          \"name\": \"How is mezzanine repaid?\",\n          \"acceptedAnswer\": {\n            \"@type\": \"Answer\",\n            \"text\": \"Typically via sale of the asset/business or refinance into a term facility at completion.\"\n          }\n        },\n        {\n          \"@type\": \"Question\",\n          \"name\": \"How fast can I complete?\",\n          \"acceptedAnswer\": {\n            \"@type\": \"Answer\",\n            \"text\": \"Often weeks rather than days due to valuation, due diligence and intercreditor negotiations.\"\n          }\n        },\n        {\n          \"@type\": \"Question\",\n          \"name\": \"What is an intercreditor deed?\",\n          \"acceptedAnswer\": {\n            \"@type\": \"Answer\",\n            \"text\": \"A legal agreement defining ranking, remedies and cash-flow priorities between senior and mezzanine lenders.\"\n          }\n        },\n        {\n          \"@type\": \"Question\",\n          \"name\": \"Is mezzanine suitable for startups?\",\n          \"acceptedAnswer\": {\n            \"@type\": \"Answer\",\n            \"text\": \"Generally no unless there is collateral and strong sponsor backing—providers expect experience and a clear exit.\"\n          }\n        }\n      ]\n    },\n    {\n      \"@type\": \"HowTo\",\n      \"@id\": \"https://www.fundingoptions.com/knowledge/mezzanine-finance/#howto\",\n      \"name\": \"How to apply for mezzanine finance\",\n      \"inLanguage\": \"en-GB\",\n      \"isPartOf\": { \"@id\": \"https://www.fundingoptions.com/knowledge/mezzanine-finance/#webpage\" },\n      \"step\": [\n        { \"@type\": \"HowToStep\", \"position\": 1, \"name\": \"Share project or acquisition details and funding need\" },\n        { \"@type\": \"HowToStep\", \"position\": 2, \"name\": \"Get indicative terms from matched mezzanine providers and senior lenders\" },\n        { \"@type\": \"HowToStep\", \"position\": 3, \"name\": \"Align intercreditor points and complete diligence and legal documentation\" },\n        { \"@type\": \"HowToStep\", \"position\": 4, \"name\": \"Draw funds at completion; repay from sale or refinance\" }\n      ]\n    },\n    {\n      \"@type\": \"Service\",\n      \"@id\": \"https://www.fundingoptions.com/knowledge/mezzanine-finance/#service\",\n      \"name\": \"Compare mezzanine finance\",\n      \"description\": \"One application to compare mezzanine finance options from UK lenders and specialist providers.\",\n      \"provider\": { \"@id\": \"https://www.fundingoptions.com/#organization\" },\n      \"areaServed\": \"GB\",\n      \"serviceType\": \"Business and property finance comparison\",\n      \"audience\": { \"@type\": \"Audience\", \"audienceType\": \"UK companies and property developers\" },\n      \"url\": \"https://www.fundingoptions.com/knowledge/mezzanine-finance/\",\n      \"aggregateRating\": {\n        \"@type\": \"AggregateRating\",\n        \"ratingValue\": \"4.8\",\n        \"reviewCount\": \"1300\"\n      },\n      \"additionalProperty\": [\n        { \"@type\": \"PropertyValue\", \"name\": \"Lender panel\", \"value\": \"80+\" },\n        { \"@type\": \"PropertyValue\", \"name\": \"Businesses supported\", \"value\": \"17000+\" },\n        { \"@type\": \"PropertyValue\", \"name\": \"Total funding secured\", \"value\": \"£1bn+\" }\n      ]\n    },\n    {\n      \"@type\": \"ItemList\",\n      \"@id\": \"https://www.fundingoptions.com/knowledge/mezzanine-finance/#related\",\n      \"name\": \"Related funding options\",\n      \"itemListOrder\": \"http://schema.org/ItemListOrderAscending\",\n      \"numberOfItems\": 6,\n      \"itemListElement\": [\n        { \"@type\": \"ListItem\", \"position\": 1, \"item\": { \"@type\": \"LoanOrCredit\", \"name\": \"Secured business loans\", \"url\": \"https://www.fundingoptions.com/knowledge/secured-business-loans/\" } },\n        { \"@type\": \"ListItem\", \"position\": 2, \"item\": { \"@type\": \"FinancialProduct\", \"name\": \"Property development finance\", \"url\": \"https://www.fundingoptions.com/knowledge/property-development-finance/\" } },\n        { \"@type\": \"ListItem\", \"position\": 3, \"item\": { \"@type\": \"LoanOrCredit\", \"name\": \"Bridging loans\", \"url\": \"https://www.fundingoptions.com/bridging-loans/\" } },\n        { \"@type\": \"ListItem\", \"position\": 4, \"item\": { \"@type\": \"FinancialProduct\", \"name\": \"Commercial property finance\", \"url\": \"https://www.fundingoptions.com/knowledge/commercial-property-finance/\" } },\n        { \"@type\": \"ListItem\", \"position\": 5, \"item\": { \"@type\": \"FinancialProduct\", \"name\": \"Asset finance\", \"url\": \"https://www.fundingoptions.com/knowledge/asset-finance/\" } },\n        { \"@type\": \"ListItem\", \"position\": 6, \"item\": { \"@type\": \"LoanOrCredit\", \"name\": \"Revolving credit facility\", \"url\": \"https://www.fundingoptions.com/knowledge/revolving-credit-facility/\" } }\n      ]\n    }\n  ]\n}\n"}},"hero":{"title":"Mezzanine finance","description":{"raw":"{\"nodeType\":\"document\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Mezzanine finance is flexible, higher-risk funding that sits between senior debt and equity. It can help experienced UK businesses and property developers increase leverage for acquisitions, growth or development without giving up full ownership.\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Last updated: October 2025, edited by \",\"marks\":[],\"data\":{}},{\"nodeType\":\"hyperlink\",\"data\":{\"uri\":\"https://www.fundingoptions.com/author/joe-morley/\"},\"content\":[{\"nodeType\":\"text\",\"value\":\"Joe Morley\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"text\",\"value\":\", reviewed by \",\"marks\":[],\"data\":{}},{\"nodeType\":\"hyperlink\",\"data\":{\"uri\":\"https://www.fundingoptions.com/author/vivek-seda/\"},\"content\":[{\"nodeType\":\"text\",\"value\":\"Vivek Seda\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"text\",\"value\":\"\",\"marks\":[],\"data\":{}}]}]}"},"heroImage":{"image":{"gatsbyImageData":{"images":{"sources":[{"srcSet":"https://images.ctfassets.net/7y9qslt4dryp/1uMPWWVC1G6LA8puDj2HYl/0eee51c45d8b839ec45199827bec305e/2.png?w=84&h=84&q=80&fm=webp 84w,\nhttps://images.ctfassets.net/7y9qslt4dryp/1uMPWWVC1G6LA8puDj2HYl/0eee51c45d8b839ec45199827bec305e/2.png?w=168&h=168&q=80&fm=webp 168w,\nhttps://images.ctfassets.net/7y9qslt4dryp/1uMPWWVC1G6LA8puDj2HYl/0eee51c45d8b839ec45199827bec305e/2.png?w=335&h=335&q=80&fm=webp 335w,\nhttps://images.ctfassets.net/7y9qslt4dryp/1uMPWWVC1G6LA8puDj2HYl/0eee51c45d8b839ec45199827bec305e/2.png?w=670&h=670&q=80&fm=webp 670w","sizes":"(min-width: 335px) 335px, 100vw","type":"image/webp"}],"fallback":{"src":"https://images.ctfassets.net/7y9qslt4dryp/1uMPWWVC1G6LA8puDj2HYl/0eee51c45d8b839ec45199827bec305e/2.png?w=335&h=335&q=80&fm=png","srcSet":"https://images.ctfassets.net/7y9qslt4dryp/1uMPWWVC1G6LA8puDj2HYl/0eee51c45d8b839ec45199827bec305e/2.png?w=84&h=84&q=80&fm=png 84w,\nhttps://images.ctfassets.net/7y9qslt4dryp/1uMPWWVC1G6LA8puDj2HYl/0eee51c45d8b839ec45199827bec305e/2.png?w=168&h=168&q=80&fm=png 168w,\nhttps://images.ctfassets.net/7y9qslt4dryp/1uMPWWVC1G6LA8puDj2HYl/0eee51c45d8b839ec45199827bec305e/2.png?w=335&h=335&q=80&fm=png 335w,\nhttps://images.ctfassets.net/7y9qslt4dryp/1uMPWWVC1G6LA8puDj2HYl/0eee51c45d8b839ec45199827bec305e/2.png?w=670&h=670&q=80&fm=png 670w","sizes":"(min-width: 335px) 335px, 100vw"}},"layout":"constrained","width":335,"height":335,"placeholder":{"fallback":"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAABQAAAAUCAMAAAC6V+0/AAACr1BMVEUAAAAAAAAGBSEmHC4fGS4SECcAAAASAARUOTQTFTIQEi6mjH7br5cADDbctqHquqIiKEzqvKfgr5h6VXHMo43YqZF1YYB7VG+qll4AAACUY1I6QmMAOnt/bzp+bDuMeDi+xLKLdmYmV3Qsb4wAAD83MT45MzeRf0extZ9dgYZNeYeVj4ZsZ2eFmItriot9dWp4cmlrjZMvcIy2s6qloJw4e5YAAADFw7pOiKC9wqqlpp82haajp5OiqpBUiZwAdJ2vsqautZ1QhZYAN3SQpZCmrpeOmH83fJjht6nqxLBOV0kuPjeDgG61qpNAZ3QVc5etoY7Voou2jHh5ayoAAACXoIixuJwqWm8vR1HNoo29iXSZbF/Tty6njCShppCxt5w3d5IoYXw4ICodFDHWqZKldWtAMEnuvaW4hIBZVHnLmIinenpuX4G0ioC4jIWaYlhhPDpiKSEZABK7sJiThHFXX1NqfnliYl+ehzGJjHixt56prpeWnomTnYmVoY15bDSdjkenrpm7wqq0uqOyuKGyuaCqsZuPm4uooXuyt5e6wanAxrC5v6m1u6WutZ6aoY+WoZFqj5ixrq2cmoKxuJ69wqy+w6+wtaKtsp2boYyMk4KMm5BukZdlZXR2fW6wt569w6y9wq62u6eVnImHjXuIkYKLmYt0k5dydm1FTFOeoImvs5u9xKvAxa6zuaJ8g3GMk36ep5KNnpSIlHmCemWpi3qli3ihg4OxtaW2vaOmrJNqb1yKkHqEk4Vtj5FkcVuWh3bNoY+kc3ObcYdcboVcc3dvhYRaamRkcGZaZVpVfIbApZGnmIaRjYUuSVgPRl4kY39KcX1TeYJScne0gG+xuZ60uqCLkHxIXGIzXXBAb4E4boMyc42BY0GzuaG5vqayuJ2Wn4hkenlCZXFDdok3ZuPVAAAAYnRSTlMAAVbNz14DINjuTTXxhEr3flL6kino3DIOHt+rDCqGJXLz8JMLWNrF7vxmGc7fSkH35Dde/pAJrJx0+m0x5+wwFLDJDyW2/pMXn/zXs/r5Tg6o+bsvT/vPGCOr9vKGYf35X4fm5LEAAAC/SURBVBjTjc+xDgFBEAbg/Wdnd2/xABQ6nU6h0SgUEo2Iikj0Oq3EJUgUPIdcJ0qv4XFU9u72bk80/mrmy2TzL0QZZHm7iQNqLHDLkAIyE62k+L6UkMDfmGR7+WZTK0WkVBXbumUMkTGdCkYuMynnWqeNc+tiknfHHa/ikjnyWcheQFtkLX2lPpYo49EVrP/gAJtgV85wiG0wMFIcAY0KqqfrOcYhdnPsbYeH4CmOe+sW69G675C154sNOdUSIT46nRSmqsDbvAAAAABJRU5ErkJggg=="}}},"imageDesktop":{"gatsbyImageData":{"images":{"sources":[{"srcSet":"https://images.ctfassets.net/7y9qslt4dryp/O37wvDaV9i8aXsL8555Sa/dfbf136256d0cc6acd4c437581dc6136/2.png?w=150&h=252&q=80&fm=webp 150w,\nhttps://images.ctfassets.net/7y9qslt4dryp/O37wvDaV9i8aXsL8555Sa/dfbf136256d0cc6acd4c437581dc6136/2.png?w=300&h=503&q=80&fm=webp 300w,\nhttps://images.ctfassets.net/7y9qslt4dryp/O37wvDaV9i8aXsL8555Sa/dfbf136256d0cc6acd4c437581dc6136/2.png?w=600&h=1006&q=80&fm=webp 600w","sizes":"(min-width: 600px) 600px, 100vw","type":"image/webp"}],"fallback":{"src":"https://images.ctfassets.net/7y9qslt4dryp/O37wvDaV9i8aXsL8555Sa/dfbf136256d0cc6acd4c437581dc6136/2.png?w=600&h=1006&q=80&fm=png","srcSet":"https://images.ctfassets.net/7y9qslt4dryp/O37wvDaV9i8aXsL8555Sa/dfbf136256d0cc6acd4c437581dc6136/2.png?w=150&h=252&q=80&fm=png 150w,\nhttps://images.ctfassets.net/7y9qslt4dryp/O37wvDaV9i8aXsL8555Sa/dfbf136256d0cc6acd4c437581dc6136/2.png?w=300&h=503&q=80&fm=png 300w,\nhttps://images.ctfassets.net/7y9qslt4dryp/O37wvDaV9i8aXsL8555Sa/dfbf136256d0cc6acd4c437581dc6136/2.png?w=600&h=1006&q=80&fm=png 600w","sizes":"(min-width: 600px) 600px, 100vw"}},"layout":"constrained","width":600,"height":1006.0000000000001,"placeholder":{"fallback":"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAABQAAAAiCAYAAABfqvm9AAAGYklEQVRIx53VW2wcVxkH8P+ZmZ2dndmrvbv22l6b2tgmvjUOIWnSUEtc1IRWXB9AaiVABfqGkFBJeKkqIVFUgZAiJO4qAoRKpbSFJo3SRHXakjR10sS5tXFir2+7ztq73tvM7MyZyzk8oEiBENfpeToP3/npfDqfzl/Eva2WbQPbDkTV5NOalhqsG6UZAA18xEV2dPc+2x3u9VOxUd7T+SmWzYz/E0inby8S7wGM/PyH33x67+6PZ0e6wnBNSubqrF/WWs5SM//+rSJps9p39/9IenhimxzWwqisrKAjsYjrx2fw/tVZ4fY6YbPgjx8ayZRWy+3F5QJmri9gvi6hr6cPj+8ZVW6vkzbfsVBvbYk3KlUjIwgKutokrDcZS4VaAx/phr2PPF7OLy8t5AprWKnV4TMPpoe/r1585YV7epQXf/1E9PKRCygDTlpiX4oyYeja1at4/dIiz0nx37/0zrHTmwZ/uv8z47Vq41s7PpnLPfObyZGG6337yptvpy5dvIrTfooLw2MjrXv2WZWp4+c3AxIRie3TV8o/6O3rGkp3b30sEQ/f39oSx3mTou8TGTLcm4prsvCAMzRxunZucmlD8JfP/SxTXHcPyqn7hh7YQsdn5vWOcDqDaHsamfu6kEhEEFNFZCJEHUoF2zoHR05eOXNGvyu477M7HtFU8fshMS93xs+hGXgQnT1Z2J4HORhEsjWOVGsU8bAC26YDvpYaniIDp+46NrrpdzkuxK60j2DmMQymtiCkKAjKMhzHAeMMvufD0G1oAQGuTvaOD/c8dVfwC4/uHS2XG3DsbpBoEpIYhCRKoL4LzgDGOHTDgGFakBQNoixBC0n7/i/4j8PP76w1mp9fzpexXl1D/2gLZFUEOIFpWODcR7VWhdm00dCbIF4AMveRDEfMOwb75Vef71C10HOzc8sdrx07g0rTBQhACOAzH6qqgAMo3FyDoZuQQxoUyYckSvjAlk7fAdqO9cRiYfmhE2+9jSavYWgwC/gMnHAIAkAIQ6VaQaNeQzSmIdmigYkK5gzJnKmah/+r5RMnD00US4XvLRaWMd6loDPZA+HmGvQ5A9K4CjFO4Ho2SqurAPfBOEOxaqNgyWC+u4ILucu3QOEvL//2i6Xq2k9KlXLX4nIRXx7biqwgYW6hAqcp4OxUCUbQREcyiPw6BTUoahdnYPMA/MwwGm7gEt76RUECgOnJV0Zsxzj4+tRUdrawgqnpOevhoZFaJSC12/CJqUl444N5nCqWMDDYj3Ylgg41hKAE0GoJjVIF7wS6TwJwhcLRP++LlVf+lHWdLF8q1f/2bv74tTMXvmHFlD/a2RYS3dmH5PYEdvb7GBNrEPQqHNdHmWtYoiryah/WStXSx+zKSQCQaqXiM0cOnxhX2nrQmV30J/fyy5/+Gs6GQ+r94IAoyVBlGXt2j0GLaHgvD1BRgk8pLCUOyggoD7xq/+rADQAQv757O9oy6XppvdrT2/deQotkdqYDC8vZsa8mAf6gJMoghIAQglgsiLTq4frMMixdhxhLwoM4TwX5ydlzb5QAQJh46tk/fG7/se8I/vpXbLPrXy8dhXXqxphQXF0dt6kDQRDgeQzU+c+e+zbK+UVcW6fITV+A7pPczOG/5v/n+1r1Xzs/u8Dc8NHfHSocGds+GI0n1CdTqdZAQJLAGANnDJRSzM3nMT8zh2hHL0yXISCINgT1BXvxsnlHBLw4eb0IFE+Nbe1/N9vdWQsEJLieCxAOURJR1w0wxrFtWz8yMQnhjm5EEwltcNcuZcOQysYVq1GpsBu5JRAIUIIygsEgGPOhKCG4ahhzOQOOUAVPZnIBt1HdENTstQGB2qmwG0CTBFGq1VDTm7AdDzb1YDIFiVAMVUkFta1D0wcP6BuCqqZmqF4OJmwTbaqGQDKMmiqABaLQKUPDYijawIrj8kXTqG8il1lKNyxUqgY0zUM8QsFtipZ4BDCagOHAqgsgPE7gxTvmPgxknMcMk4IQAsYAo+mAUhdBxYXjEfhcgE8k6BQIhOQtHxr0hm4GXdeDRRmWijo4EUEEAZZF4fscHiMwHAG+IENWlHYkR+UNwaZhqYblolSzsbZuoWY4EEQJlHowTQs1wwP3PcgCA2esbcfELm1D0Pc9mYBAkUWoioibJRM+J3B9BuoyuB4D4wwOdcAcmkiocuTW2X8DOXUPz4GChE0AAAAASUVORK5CYII="}}}}},"pageComponents":[{"accordion":{"title":"What is mezzanine finance and how it works","description":null,"accordionItem":[{"id":"30e2b1cc-42de-5db2-ab07-929625f66db1","label":"Key takeaways","content":{"raw":"{\"nodeType\":\"document\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Mezzanine finance “tops up” what senior debt won’t fund, reducing the equity you need while preserving control.\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"unordered-list\",\"data\":{},\"content\":[{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Position in stack:\",\"marks\":[{\"type\":\"bold\"}],\"data\":{}},{\"nodeType\":\"text\",\"value\":\" subordinated to senior debt, above equity\",\"marks\":[],\"data\":{}}]}]},{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Use cases:\",\"marks\":[{\"type\":\"bold\"}],\"data\":{}},{\"nodeType\":\"text\",\"value\":\" property development, acquisitions (MBO/MBI), growth projects\",\"marks\":[],\"data\":{}}]}]},{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Security:\",\"marks\":[{\"type\":\"bold\"}],\"data\":{}},{\"nodeType\":\"text\",\"value\":\" often second charge/debenture; PGs may apply\",\"marks\":[],\"data\":{}}]}]},{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Repayment:\",\"marks\":[{\"type\":\"bold\"}],\"data\":{}},{\"nodeType\":\"text\",\"value\":\" bullet/balloon at exit or refinance; may include PIK interest\",\"marks\":[],\"data\":{}}]}]},{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Cost:\",\"marks\":[{\"type\":\"bold\"}],\"data\":{}},{\"nodeType\":\"text\",\"value\":\" higher than senior debt; multiple fees and covenants\",\"marks\":[],\"data\":{}}]}]}]},{\"nodeType\":\"heading-2\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"\",\"marks\":[],\"data\":{}}]}]}"}},{"id":"7d962ea4-565f-5530-8914-a09f1a2142b2","label":"What is mezzanine finance?","content":{"raw":"{\"nodeType\":\"document\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Mezzanine is a \",\"marks\":[],\"data\":{}},{\"nodeType\":\"text\",\"value\":\"hybrid of debt and equity\",\"marks\":[{\"type\":\"bold\"}],\"data\":{}},{\"nodeType\":\"text\",\"value\":\". Typically structured as subordinated debt with a second charge or unsecured debenture, it may include \",\"marks\":[],\"data\":{}},{\"nodeType\":\"text\",\"value\":\"cash interest\",\"marks\":[{\"type\":\"bold\"}],\"data\":{}},{\"nodeType\":\"text\",\"value\":\", \",\"marks\":[],\"data\":{}},{\"nodeType\":\"text\",\"value\":\"PIK (payment-in-kind) interest\",\"marks\":[{\"type\":\"bold\"}],\"data\":{}},{\"nodeType\":\"text\",\"value\":\" and sometimes \",\"marks\":[],\"data\":{}},{\"nodeType\":\"text\",\"value\":\"warrants or a small equity kicker\",\"marks\":[{\"type\":\"bold\"}],\"data\":{}},{\"nodeType\":\"text\",\"value\":\". In return for higher risk, providers seek higher returns than senior lenders.\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"With Funding Options by Tide, you submit \",\"marks\":[],\"data\":{}},{\"nodeType\":\"text\",\"value\":\"one application\",\"marks\":[{\"type\":\"bold\"}],\"data\":{}},{\"nodeType\":\"text\",\"value\":\" and we match your case against \",\"marks\":[],\"data\":{}},{\"nodeType\":\"text\",\"value\":\"80+ UK lenders\",\"marks\":[{\"type\":\"bold\"}],\"data\":{}},{\"nodeType\":\"text\",\"value\":\" and specialist providers to present feasible options.\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"\",\"marks\":[],\"data\":{}}]}]}"}},{"id":"e009c8f8-2746-5ebb-8633-6c1f524e86d1","label":"How mezzanine works in the capital stack","content":{"raw":"{\"nodeType\":\"document\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"unordered-list\",\"data\":{},\"content\":[{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Equity\",\"marks\":[{\"type\":\"bold\"}],\"data\":{}},{\"nodeType\":\"text\",\"value\":\" (sponsor contribution)\",\"marks\":[],\"data\":{}}]}]},{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Mezzanine\",\"marks\":[{\"type\":\"bold\"}],\"data\":{}},{\"nodeType\":\"text\",\"value\":\" (subordinated; increases total leverage)\",\"marks\":[],\"data\":{}}]}]},{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Senior debt\",\"marks\":[{\"type\":\"bold\"}],\"data\":{}},{\"nodeType\":\"text\",\"value\":\" (first-charge lender)\",\"marks\":[],\"data\":{}}]}]}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Example (illustrative):\",\"marks\":[{\"type\":\"bold\"}],\"data\":{}},{\"nodeType\":\"text\",\"value\":\" Senior lender funds 65% of a project; mezzanine adds 15%; you contribute 20% equity. Exact splits depend on the deal, sector, valuation and risk appetite.\",\"marks\":[],\"data\":{}}]}]}"}}],"expandedAccordionItems":[{"id":"e009c8f8-2746-5ebb-8633-6c1f524e86d1"},{"id":"7d962ea4-565f-5530-8914-a09f1a2142b2"},{"id":"30e2b1cc-42de-5db2-ab07-929625f66db1"}]},"sys":{"contentType":{"sys":{"id":"templatesV2SectionAccordionAndForm"}}}},{"title":"Common use cases","descriptionCards":[{"title":"Property development","icon":"Hand holding bag of money","description":{"raw":"{\"nodeType\":\"document\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"boost Loan-to-Cost/Loan-to-GDV to deliver schemes with less equity\",\"marks\":[],\"data\":{}}]}]}"}},{"title":"MBO/MBI & acquisitions","icon":"House and coins","description":{"raw":"{\"nodeType\":\"document\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"bridge the gap between purchase price and senior facility\",\"marks\":[],\"data\":{}}]}]}"}},{"title":"Growth capex & roll-outs","icon":"Lock","description":{"raw":"{\"nodeType\":\"document\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"fund multi-site expansion, equipment, or major projects\",\"marks\":[],\"data\":{}}]}]}"}}],"sys":{"contentType":{"sys":{"id":"templatesV2SectionFinancialProductInfo"}}}},{"sys":{"contentType":{"sys":{"id":"templatesV2SectionAccordion"}}},"title":"Costs and fees (what to expect)","accordion":{"accordionItem":[{"id":"653756e5-484b-5272-8667-d2ecc49af608","label":"Mezzanine costs are higher than senior debt. Packages may include:","content":{"raw":"{\"nodeType\":\"document\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"unordered-list\",\"data\":{},\"content\":[{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Cash interest and/or PIK interest (rolled up to exit)\",\"marks\":[],\"data\":{}}]}]},{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Arrangement/commitment fees, non-utilisation, monitoring, legal and exit fees\",\"marks\":[],\"data\":{}}]}]},{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Equity participation/warrants in some structures\",\"marks\":[],\"data\":{}}]}]}]},{\"nodeType\":\"blockquote\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Important: total cost varies substantially by project risk, sector, security and exit plan. Compare multiple offers before deciding. This page provides general information, not financial advice.\",\"marks\":[],\"data\":{}}]}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"\",\"marks\":[],\"data\":{}}]}]}"}},{"id":"f4a36c20-876d-5238-8a44-0c993eab8ea6","label":"Typical amounts and terms","content":{"raw":"{\"nodeType\":\"document\",\"data\":{},\"content\":[{\"nodeType\":\"unordered-list\",\"data\":{},\"content\":[{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Amounts:\",\"marks\":[{\"type\":\"bold\"}],\"data\":{}},{\"nodeType\":\"text\",\"value\":\" generally \",\"marks\":[],\"data\":{}},{\"nodeType\":\"text\",\"value\":\"£250k–£10m+\",\"marks\":[{\"type\":\"bold\"}],\"data\":{}},{\"nodeType\":\"text\",\"value\":\" (case-dependent)\",\"marks\":[],\"data\":{}}]}]},{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Terms:\",\"marks\":[{\"type\":\"bold\"}],\"data\":{}},{\"nodeType\":\"text\",\"value\":\" \",\"marks\":[],\"data\":{}},{\"nodeType\":\"text\",\"value\":\"12–60 months\",\"marks\":[{\"type\":\"bold\"}],\"data\":{}},{\"nodeType\":\"text\",\"value\":\"; often interest-only with a \",\"marks\":[],\"data\":{}},{\"nodeType\":\"text\",\"value\":\"balloon\",\"marks\":[{\"type\":\"bold\"}],\"data\":{}},{\"nodeType\":\"text\",\"value\":\" at exit/refi\",\"marks\":[],\"data\":{}}]}]},{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Security:\",\"marks\":[{\"type\":\"bold\"}],\"data\":{}},{\"nodeType\":\"text\",\"value\":\" second charge over property/shares or debenture over company assets\",\"marks\":[],\"data\":{}}]}]},{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Docs & controls:\",\"marks\":[{\"type\":\"bold\"}],\"data\":{}},{\"nodeType\":\"text\",\"value\":\" intercreditor deed with senior lender; covenants and reporting\",\"marks\":[],\"data\":{}}]}]}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"\",\"marks\":[],\"data\":{}}]}]}"}}],"expandedAccordionItems":[{"id":"653756e5-484b-5272-8667-d2ecc49af608"},{"id":"f4a36c20-876d-5238-8a44-0c993eab8ea6"}]}},{"sys":{"contentType":{"sys":{"id":"templatesV2SectionAccordion"}}},"title":"Pros & cons","accordion":{"accordionItem":[{"id":"c2f318ee-0ea1-5a73-8d38-b5ce8ca19948","label":"Pros","content":{"raw":"{\"nodeType\":\"document\",\"data\":{},\"content\":[{\"nodeType\":\"unordered-list\",\"data\":{},\"content\":[{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Increases leverage; \",\"marks\":[],\"data\":{}},{\"nodeType\":\"text\",\"value\":\"reduces equity\",\"marks\":[{\"type\":\"bold\"}],\"data\":{}},{\"nodeType\":\"text\",\"value\":\" required\",\"marks\":[],\"data\":{}}]}]},{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Preserves control versus raising pure equity\",\"marks\":[],\"data\":{}}]}]},{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Can unlock projects/acquisitions senior lenders won’t fully fund\",\"marks\":[],\"data\":{}}]}]}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"\",\"marks\":[],\"data\":{}}]}]}"}},{"id":"de3b1f40-c371-58cd-8fcc-669915fd6eb2","label":"Cons","content":{"raw":"{\"nodeType\":\"document\",\"data\":{},\"content\":[{\"nodeType\":\"unordered-list\",\"data\":{},\"content\":[{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Higher cost than senior; multiple fees/covenants\",\"marks\":[],\"data\":{}}]}]},{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Subordination risk and tighter monitoring\",\"marks\":[],\"data\":{}}]}]},{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"May include PGs or equity kicker\",\"marks\":[],\"data\":{}}]}]}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"\",\"marks\":[],\"data\":{}}]}]}"}}],"expandedAccordionItems":null}},{"title":"Alternatives to Mezzanine finance","descriptionCards":[{"title":"Secured business loans","icon":"House and coins","description":{"raw":"{\"nodeType\":\"document\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"\",\"marks\":[],\"data\":{}},{\"nodeType\":\"hyperlink\",\"data\":{\"uri\":\"https://www.fundingoptions.com/knowledge/secured-business-loans/\"},\"content\":[{\"nodeType\":\"text\",\"value\":\"Backed by assets such as property or equipment\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"text\",\"value\":\"\",\"marks\":[],\"data\":{}}]}]}"}},{"title":"Bridging loans","icon":"House and coins","description":{"raw":"{\"nodeType\":\"document\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"If you want to acquire the business and then either sell it within a year or two, or secure further funding to cover the acquisition after the fact, a \",\"marks\":[],\"data\":{}},{\"nodeType\":\"hyperlink\",\"data\":{\"uri\":\"https://www.fundingoptions.com/knowledge/bridging-loans/\"},\"content\":[{\"nodeType\":\"text\",\"value\":\"bridging loan\",\"marks\":[{\"type\":\"underline\"}],\"data\":{}}]},{\"nodeType\":\"text\",\"value\":\" may be for you. A bridging loan is a type of \",\"marks\":[],\"data\":{}},{\"nodeType\":\"hyperlink\",\"data\":{\"uri\":\"https://www.fundingoptions.com/knowledge/short-term-business-loans/\"},\"content\":[{\"nodeType\":\"text\",\"value\":\"short term business loan\",\"marks\":[{\"type\":\"underline\"}],\"data\":{}}]},{\"nodeType\":\"text\",\"value\":\" designed to bridge gaps between funding. For example, if you want a quick \",\"marks\":[],\"data\":{}},{\"nodeType\":\"text\",\"value\":\"loan to buy an existing business\",\"marks\":[{\"type\":\"bold\"}],\"data\":{}},{\"nodeType\":\"text\",\"value\":\" but plan to refinance with a longer-term option down the line. Essentially, you get a bridging loan, buy the company, and then pay off the loan in a year or so once you’ve secured further financing.\",\"marks\":[],\"data\":{}}]}]}"}},{"title":"Property development","icon":"Hand holding bag of money","description":{"raw":"{\"nodeType\":\"document\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"boost Loan-to-Cost/Loan-to-GDV to deliver schemes with less equity\",\"marks\":[],\"data\":{}}]}]}"}},{"title":"Commercial property","icon":"Wallet","description":{"raw":"{\"nodeType\":\"document\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"A commercial mortgage (also known as a business mortgage) is among the most common types of business finance for commercial property and land purchases. \",\"marks\":[],\"data\":{}}]}]}"}},{"title":"Equity investment ","icon":"Document and coins","description":{"raw":"{\"nodeType\":\"document\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"\",\"marks\":[],\"data\":{}},{\"nodeType\":\"hyperlink\",\"data\":{\"uri\":\"https://www.fundingoptions.com/knowledge/equity-finance/\"},\"content\":[{\"nodeType\":\"text\",\"value\":\"Equity investment\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"text\",\"value\":\" raises funds from investors in exchange for shares\",\"marks\":[],\"data\":{}}]}]}"}},{"title":"Asset finance","icon":"Lock","description":{"raw":"{\"data\":{},\"content\":[{\"data\":{},\"content\":[{\"data\":{},\"marks\":[],\"value\":\"\",\"nodeType\":\"text\"},{\"data\":{\"uri\":\"https://www.fundingoptions.com/knowledge/asset-finance/\"},\"content\":[{\"data\":{},\"marks\":[{\"type\":\"bold\"}],\"value\":\"Asset finance\",\"nodeType\":\"text\"}],\"nodeType\":\"hyperlink\"},{\"data\":{},\"marks\":[],\"value\":\" is used to fund vehicles, machinery and equipment.\",\"nodeType\":\"text\"}],\"nodeType\":\"paragraph\"}],\"nodeType\":\"document\"}"}}],"sys":{"contentType":{"sys":{"id":"templatesV2SectionFinancialProductInfo"}}}},{"id":"23bbe9a5-c7a6-54c5-b7d2-44d81e5a7e44","placeholder":"Trustpilot carrousel","sys":{"contentType":{"sys":{"id":"templatesV2SectionTrustpilotCarrousel"}}}},{"sys":{"contentType":{"sys":{"id":"templatesV2SectionHowDoesItWork"}}}},{"title":"Estimate your costs today","description":"If you're ready to take your business to the next level, use our business loans calculator to get an idea of what you can afford.","calculatorType":"Business loans","sys":{"contentType":{"sys":{"id":"templatesV2SectionCalculator"}}}},{"sys":{"contentType":{"sys":{"id":"templatesV2SectionAccordion"}}},"title":"Learn more about mezzanine financing","accordion":{"accordionItem":[{"id":"ffec456b-299d-5faf-a784-d4623047723e","label":"Is mezzanine finance debt or equity?","content":{"raw":"{\"nodeType\":\"document\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"It’s \",\"marks\":[],\"data\":{}},{\"nodeType\":\"text\",\"value\":\"hybrid\",\"marks\":[{\"type\":\"bold\"}],\"data\":{}},{\"nodeType\":\"text\",\"value\":\": legally debt but with equity-like risk/return features (e.g., PIK or warrants).\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"heading-3\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"\",\"marks\":[],\"data\":{}}]}]}"}},{"id":"ca798bc3-9b46-5aae-9ad5-14e9e0b5b9de","label":"Do I need security or a personal guarantee?","content":{"raw":"{\"nodeType\":\"document\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Usually a second charge or a company debenture; PGs may be requested, case-by-case.\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"heading-3\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"\",\"marks\":[{\"type\":\"bold\"}],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"\",\"marks\":[],\"data\":{}}]}]}"}},{"id":"3f7636ca-b6d1-58aa-bbff-a84fcbfcad26","label":"How is mezzanine repaid?","content":{"raw":"{\"nodeType\":\"document\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Typically via sale, refinance into a term facility, or on completion of a property scheme.\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"heading-3\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"\",\"marks\":[{\"type\":\"bold\"}],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"\",\"marks\":[],\"data\":{}}]}]}"}},{"id":"5ce79200-6bb6-59ba-b7f3-d3317f095abf","label":"How fast can I complete?","content":{"raw":"{\"nodeType\":\"document\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Often weeks rather than days due to valuation, diligence and intercreditor negotiations.\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"heading-3\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"\",\"marks\":[{\"type\":\"bold\"}],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"\",\"marks\":[],\"data\":{}}]}]}"}},{"id":"439460d4-fbfc-563d-a205-75f4e7e9c9ec","label":"What is an intercreditor deed?","content":{"raw":"{\"nodeType\":\"document\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"A legal agreement that sets ranking, remedies and cash-flow waterfalls between senior and mezzanine lenders.\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"heading-3\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"\",\"marks\":[],\"data\":{}}]}]}"}},{"id":"8882a33f-d05e-5629-95ab-a1df0867b2be","label":"Is mezzanine suitable for startups?","content":{"raw":"{\"nodeType\":\"document\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Generally \",\"marks\":[],\"data\":{}},{\"nodeType\":\"text\",\"value\":\"no\",\"marks\":[{\"type\":\"bold\"}],\"data\":{}},{\"nodeType\":\"text\",\"value\":\" unless there’s collateral and strong sponsor backing—providers expect experience and a clear exit.\",\"marks\":[],\"data\":{}}]}]}"}}],"expandedAccordionItems":[{"id":"8882a33f-d05e-5629-95ab-a1df0867b2be"},{"id":"439460d4-fbfc-563d-a205-75f4e7e9c9ec"},{"id":"5ce79200-6bb6-59ba-b7f3-d3317f095abf"},{"id":"3f7636ca-b6d1-58aa-bbff-a84fcbfcad26"},{"id":"ca798bc3-9b46-5aae-9ad5-14e9e0b5b9de"},{"id":"ffec456b-299d-5faf-a784-d4623047723e"}]}},{"sys":{"contentType":{"sys":{"id":"templatesV2SectionDisclaimer"}}},"disclaimer":{"raw":"{\"nodeType\":\"document\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Please note that the information above is not intended to be financial advice. You should seek independent financial advice before making any decisions about your financial future.\",\"marks\":[{\"type\":\"italic\"}],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"It’s important to remember that all loans and credit agreements come with risks. These risks include non-payment and late-payment of the agreed repayment plan, which could affect your business credit score and impact your ability to find future funding. Always read the terms and conditions of every loan or credit agreement before you proceed. Contact us for support if you ever face difficulties making your repayments.\",\"marks\":[{\"type\":\"italic\"}],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Funding Options, now part of Tide, helps UK firms access business finance, working directly with businesses and their trusted advisors. Funding Options are a credit broker and do not provide loans directly. All finance and quotes are subject to status and income. Applicants must be aged 18 and over and terms and conditions apply. Guarantees and Indemnities may be required. Funding Options can introduce applicants to a number of providers based on the applicants' circumstances and creditworthiness. Funding Options will receive a commission or finder’s fee for effecting such finance introductions.\",\"marks\":[{\"type\":\"italic\"}],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"\\n\",\"marks\":[],\"data\":{}}]}]}"}},{"sys":{"contentType":{"sys":{"id":"templatesV2SectionAccordion"}}},"title":"Eligibility and documents","accordion":{"accordionItem":[{"id":"316cc67f-7343-5643-bdbf-86b71596640c","label":"Eligibility (what providers look for)","content":{"raw":"{\"nodeType\":\"document\",\"data\":{},\"content\":[{\"nodeType\":\"unordered-list\",\"data\":{},\"content\":[{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Experienced management/sponsor and a credible \",\"marks\":[],\"data\":{}},{\"nodeType\":\"text\",\"value\":\"exit or refinance\",\"marks\":[{\"type\":\"bold\"}],\"data\":{}},{\"nodeType\":\"text\",\"value\":\" path\",\"marks\":[],\"data\":{}}]}]},{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Viable \",\"marks\":[],\"data\":{}},{\"nodeType\":\"text\",\"value\":\"development appraisals\",\"marks\":[{\"type\":\"bold\"}],\"data\":{}},{\"nodeType\":\"text\",\"value\":\" or \",\"marks\":[],\"data\":{}},{\"nodeType\":\"text\",\"value\":\"acquisition business case\",\"marks\":[{\"type\":\"bold\"}],\"data\":{}}]}]},{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Sensible \",\"marks\":[],\"data\":{}},{\"nodeType\":\"text\",\"value\":\"equity contribution\",\"marks\":[{\"type\":\"bold\"}],\"data\":{}},{\"nodeType\":\"text\",\"value\":\" and alignment of interests\",\"marks\":[],\"data\":{}}]}]},{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Senior lender support (or clear plan to secure it)\",\"marks\":[],\"data\":{}}]}]}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"\",\"marks\":[],\"data\":{}}]}]}"}},{"id":"6a7fa552-8ae9-5c86-a4ce-945bfed681e1","label":"Documents (typical)","content":{"raw":"{\"nodeType\":\"document\",\"data\":{},\"content\":[{\"nodeType\":\"unordered-list\",\"data\":{},\"content\":[{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Company information, shareholder structure, and director IDs\",\"marks\":[],\"data\":{}}]}]},{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Financials: recent bank statements, filed accounts or management info\",\"marks\":[],\"data\":{}}]}]},{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"For property: appraisal, cost plan, planning, valuations, build contract\",\"marks\":[],\"data\":{}}]}]},{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"For acquisitions: IM, heads of terms, forecast model, DD materials\",\"marks\":[],\"data\":{}}]}]},{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Details of security, covenants and proposed intercreditor terms\",\"marks\":[],\"data\":{}}]}]}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"\",\"marks\":[],\"data\":{}}]}]}"}}],"expandedAccordionItems":[{"id":"6a7fa552-8ae9-5c86-a4ce-945bfed681e1"},{"id":"316cc67f-7343-5643-bdbf-86b71596640c"}]}}],"author":{"name":"Joe Morley","jobTitle":"Business Finance Lead","slug":"joe-morley","shortBio":{"shortBio":"Joe has been helping UK businesses secure the funding they need since 2015. Over the years, he’s supported hundreds of SMEs in accessing millions of pounds for everything from purchasing essential assets to unlocking working capital for day-to-day operations. As Head of Sales at Funding Options, Joe leads a large team of expert Business Finance Specialists dedicated to finding the right solution for every customer. His goal is simple - to make securing finance straightforward, stress free, and tailored to each business’s needs."},"image":{"title":"Joe Morley","gatsbyImageData":{"images":{"sources":[{"srcSet":"https://images.ctfassets.net/7y9qslt4dryp/7fM6foUkI5z6EJqFGwRDz2/b91af08b8550ad38dc3c63069a6ef2eb/Joe_Morley.png?w=32&h=32&q=50&fm=webp 32w,\nhttps://images.ctfassets.net/7y9qslt4dryp/7fM6foUkI5z6EJqFGwRDz2/b91af08b8550ad38dc3c63069a6ef2eb/Joe_Morley.png?w=64&h=64&q=50&fm=webp 64w,\nhttps://images.ctfassets.net/7y9qslt4dryp/7fM6foUkI5z6EJqFGwRDz2/b91af08b8550ad38dc3c63069a6ef2eb/Joe_Morley.png?w=128&h=128&q=50&fm=webp 128w","sizes":"(min-width: 128px) 128px, 100vw","type":"image/webp"}],"fallback":{"src":"https://images.ctfassets.net/7y9qslt4dryp/7fM6foUkI5z6EJqFGwRDz2/b91af08b8550ad38dc3c63069a6ef2eb/Joe_Morley.png?w=128&h=128&q=50&fm=png","srcSet":"https://images.ctfassets.net/7y9qslt4dryp/7fM6foUkI5z6EJqFGwRDz2/b91af08b8550ad38dc3c63069a6ef2eb/Joe_Morley.png?w=32&h=32&q=50&fm=png 32w,\nhttps://images.ctfassets.net/7y9qslt4dryp/7fM6foUkI5z6EJqFGwRDz2/b91af08b8550ad38dc3c63069a6ef2eb/Joe_Morley.png?w=64&h=64&q=50&fm=png 64w,\nhttps://images.ctfassets.net/7y9qslt4dryp/7fM6foUkI5z6EJqFGwRDz2/b91af08b8550ad38dc3c63069a6ef2eb/Joe_Morley.png?w=128&h=128&q=50&fm=png 128w","sizes":"(min-width: 128px) 128px, 100vw"}},"layout":"constrained","width":128,"height":128}}}}},"staticQueryHashes":["1250078025","1659198851","3682024094","3753363658"]}