Background

Sector – Construction

Growing business, based in Durham, looking to take on new contracts.

Challenges

• CIS process creating cashflow pressure.
• Reasonably early-stage business.
• Minimal assets in the business due to the nature of trade.
• Sector can be a challenge for some lenders.

Solutions

Facility: Unsecured Business loan
Line size: £50,000

Loan secured allowing the business to fund the gap in awaiting CIS while gross status was applied for.