Traditional values : Modern solutions

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Solicitor firm - Professional introduction

Sector: Legal | Value: £46,500
Equipment type: N/A | Term: 12 months

We sourced a replacement professional indemnity insurance funder.

Problem:

The client was struggling to renew funding for its annual professional indemnity insurance through its current provider.

Approach:

We approached an experienced lender who had, firstly, a good track record in lending to professional firms and, secondly, was able to tailor a facility to the needs of the client.

Solution:

A loan with repayments spread over 12 months was arranged supported by personal guarantees from both directors.