The client required additional working capital to support the development of its business premises and the creation of a retail outlet. We were introduced by the client’s bank as it had no further headroom to support the client.
After discussing the financial needs with the client, we suggested a loan application to a leading online lender.
An unsecured 5 year loan of £29k, supported by personal guarantees from both directors, was put in place. The funds were with the client within a week of the loan application being made.