Background

Sector – Construction

Established construction business looking for a loan to support a short term opportunity.

Challenges

• The client wanted a loan within a month at a reasonable rate and without PGS.
• The business opportunity was viable, however, outside their usual scope of work.
• The timeframes were tight and client required a very competitive rate.

Solutions

Facility: Asset refinance
Line size: £250,000

• We were able to refinance some unencumbered vehicles in the business to release £250k back to the client
• The term was over 60 months and at a single digit interest rate
• No PGs were required for the facility