The case in brief
- Client: UK Resident & UK Citizen
- Loan type: Unsecured Business Loan
- Loan Amount: £165,000
- Loan Term: 72 months
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Our Client
We were approached by a client who had a retail business with just over two years of trading history, looking to refinance a pool of short term expensive debt taken within his first year of trading. The high monthly payments meant it was taking a burden on their cashflow and limited the cash available that they could use to grow the business.
Our Solution
With the business currently trading at a loss, we needed to approach the right lenders that would consider the deal. With the previous Recovery Loan Scheme (now Government Growth Scheme) available at the time, we approached a key panel of lenders that could support with longer term government backed lending, and we were able to secure a £165,000 loan over a 72 month period.
The business was able to refinance their existing short-term loans and use some additional capital to invest into stock and marketing. The business is now trading profitably.
If you’re seeking a financial partner who truly understand your objectives and can help you achieves them, get in touch today!