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The company was placed into administration along with similar businesses following the collapse of a major customer. Historically, this was a cash generative business with no need for banking asset finance facilities.
Now there was a requirement to raise funds to finance the new company but the high street banks would be nervous of providing asset finance / loan funds and debtors are not suited to factoring / CID arrangements from day one.
When we were introduced to the client, we discussed a wide variety of financing options. We successfully arranged finance of £500,000 without the need for personal directors' guarantees, a landlord's waiver or early settlement penalties.
We have since introduced the client to the following services
An expanding West Midlands based engineering business was looking for an asset finance package of £200,000 for new specialised equipment located in new business premises.
Two finance brokers had already provided funding options when the client approached us for help.
We assessed the company's financial information and we suggested alternative prime lenders. We proposed and agreed 2 options for the client from 2 different lenders. The flexibility and structure of one option was selected and the business was successfully completed. We also extended a Vat deferral date post completion due to the delay in grant funding.
We have also introduced the client to the following services:
We were introduced to a business that provides building project management expertise in a specialised sector. The company was having difficulty in assisting their clients to secure funding given the specialised nature of the debt structure.
We have successfully arranged finance on all of their projects. We have also introduced an investment mortgage provider and facilitated life insurance cover through financial planning advisors.
If you looking for business funding, why don't you contact us now for FREE Impartial Advice.
Phone us at 0845 051 4588 or complete the online enquiry form
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