£245,000 Funded For Debt Consolidation
The Challenge
A client approached us having previously sourced funding independently to grow their business. As they have grown their business they were in a position where they could use their new stronger financial position to leverage their debt and save on interest payments. They wanted to seek an option that was strong financially, non intrusive for underwriting and quick to position.
Our Solution
Our team utilised a brand new product from a Tier One institution to provide a £245,000.00 facility that did not require any legal charges or debentures.
The Outcome
The business was approved in 6 business days, allowing another day for documents and pay out. The business was able to save over £1500 on their monthly debt servicing and still retained excellent flexibility in their loan.
Need a similar solution?
Speak to our commercial finance team to discuss how we can arrange funding for your business.