The case in brief
- Client: UK Resident & UK Citizen
- Loan type: Unsecured Business Loan
- Loan Amount: £250,000
- Loan Term: 60 months
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Our Client
A seasoned architect and property developer for over 10 years needed to raise capital quickly on one of his development projects.
The client was facing cashflow issues due to a delay in sale of an existing development and needed funding to pay contractors to continue an ongoing project. The existing development finance facility could not help with drawing any additional funds which put a heavy burden on the available cash within the business.
Our Solution
At Articus, we like to evaluate all avenues for a client to achieve their goals. We realised that an unsecured business loan was the quickest and easiest way to raise capital for the client, as his personal assets were tied up in other facilities.
We went to market and were able to source a competitive offer within 48 hours of initial contact. Through a cross corporate guarantee on the client’s architecture firm (which are contracted by his property development firm), the financial strength of both businesses meant we were able to find a lender comfortable with offering £250,000 over a 60-month term at an attractive rate.
Once the go ahead was given by the client, funds were drawn drown to the client within 24 hours and he was able to complete his ongoing project.