Since the early days of OakNorth, we’ve been helping care home owners build their businesses, exceed their aspirations and realise new revenue opportunities.
Meet Chris, Chairman of Park Lane Healthcare
We were able to offer them the finance they needed quickly to carry on building welcoming senior living homes for their business which caring is at the heart of.
Parklane Health Care is a group of care homes in the North of England, largely in Yorkshire, and one in Lancashire. We are a family company, 17 years we’ve been operating care homes, and prior to that I was a commercial finance broker in the healthcare sector.
I did a Dementia Studies degree in my spare time, and I didn’t do it for a better job or to get a better CV or higher pay – I’m the chairman. I did it because I wanted to understand what the residents living with dementia were going through. It’s not just a private company, making money as a business. It is a business, but it’s a caring business.
For Lavender Fields Care Village Limited, the idea was to be able to put everything we’ve learned into it from the ground up, which is massive rooms, lovely ensuite shower facilities, loads of day space, and lots of entertainment on-site to allow people not to have to go to the high street but the high street comes to them.
We went to OakNorth because it was formed by an entrepreneur for entrepreneurs. We had the ability to actually speak to the entire credit lending committee where you can actually pitch your ideas and your dreams and aspirations face to face with the person signing off the check. For us that’s priceless. Very smooth process. A lot of good transparency with the lawyers and the accountants and everybody. The team OakNorth jumped on everything the minute that we sent it through. They had the refreshing attitude from the start, they gave me three minutes to say why they should be lending to me. I love that.
They boasted to us the turnaround was quick. We were sceptical, sometimes as a businessman you can be a cynic, but boy were they quick. They really did jump on everything really really fast. Very, very unique in the banking sector I promise you.
We’re entrepreneurs at heart, so we build our care home and retirement living loans with business owners front and centre.
That means no inflexible and inefficient loan facilities, no-time wasting, and no ambiguity. Just straightforward funding without giving up equity.
If you have a clear vision for growth in the care sector, we can make it happen. Speak to a member of our team and we’ll help you kickstart your next move.
Yes, we’ve worked with a range of care home operators to refurbish and improve their premises.
Yes, whether you’re looking to buy an existing care home or purchase a site to build one yourself, we offer a host of different lending facilities to help you do just that.
The cost of your loan is based on what kind of borrower you are, or your risk profile, which depends on factors like credit history, industry sector and more. We focus on speed, flexibility and competitive terms over price.
Depending on factors like your business’ risk profile and what you need the funding for, we can provide amortising loans, where you gradually pay off your debt with regular payments, as well as non-amortising loans, where you pay off the loan in a lump sum.
Unlike many other high street banks, we won’t make you transfer your business banking over to us, so you can apply for a loan quickly and easily.