Case Study – Unsecured/Peer-to-Peer Lending

For:                            Debt restructure / Stock purchase
Location:                  Lisburn, Northern Ireland
Amount:                   £125,000

The Customer operates a medium sized trading business plus a family farm in Co. Antrim. The Customer approached us seeking £40,000 to purchase livestock – he had approached his Bank but they had declined his request.

As part of our service, CS Finance completed a review of both of the Customers farm & trading businesses and discovered that the Customer had raised over £80,000 of F&L debt against his farm assets to fund his trading business.

It transpired that the Customer had been refused an overdraft by his Bank and so had been forced to take out numerous expensive short term facilities, to fund his working capital, resulting in an unaffordable monthly repayment that was putting both businesses in jeopardy.

CS Finance recommended that rather than just seek addition funds, the Customer also refinance the existing debt onto a longer term commercial loan facility with a lower monthly repayment to ease his cashflow issues.

An unsecured loan facility of £125,000 was sanctioned, repayable over a period of x60 months, at a rate of 11.9%.

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