We arranged a secured loan for a leisure business seeking to launch a virtual reality offering.
The business required a finance facility to fund the purchase of a virtual reality paragliding ride. As this was a new concept, asset finance was not an option at this time.
We met the client to understand the plans and establish both business and personal backgrounds.
As the business expected to be cash positive in the next 12 to 24 months, we arranged a secured facility with a 2 year term.