Background

Sector – Ecommerce

E-commerce business looking to increase stock levels for Christmas. The company required a flexible loan which carried the option to be repaid early when the stock was sold.

Challenges

• Business had a relatively slow summer due to an issue with a supplier.
• As a result, performance was down and cash headroom was lower than usual going into buying season.
• Client needed a flexible term loan.

Solutions

Facility: Unsecured Business Loan
Line size: £200,000

• Client was approved for a £200k business loan
• Loan was approved over 60 months
• There was no early repayment charges
• PGs were a feature of the loan