Loan for Working Capital


This client was introduced by commercial mortgage broker. They were looking to settle off long term debtors ahead of the sale of a retail shop.


We discussed the requirement with client, also in competition with the bank. The funding application was auto-approved instantly, however pricing was an issue compared with the bank.


The opportunity was closed. However, it was re-opened and re-approved 2 months later when the bank declined. Funds were paid out one week later.