- Amount – £150,000
- Term – 5 years
- Purpose – To provide additional working capital to a company allowing them to secure a substantial new contract.
- Summary – A fairly young company with year-on-year growth had the opportunity to secure a substantial new contract. The company’s existing lender was supportive but only to a level that still left the company £150,000 short from being able to secure the new contract. In conjunction with the primary lender, we were able to secure the remaining £150,0000 for the company a 5-year repayment loan facility.