Business Loan for Education Business In Cardiff Case Study
Business Loan for Education Business
Discover how ABC Finance business loan experts helped this client secure a secured business loan for cash flow.
The facility
Location
Bristol
Capital raised
£50,000
How funds were spent
To smooth working capital
The request
Mr M contacted ABC Finance following a meeting with his accountant.
During the meeting, it was identified that due to an increase in essential costs and also having to honour previously committed expenditures, there was a cashflow shortfall in their 12-month forecasts.
During the initial review it was identified that Mr M had previously had a minor credit issue and due to this was struggling to obtain mainstream finance.
Without the funding, the business would face a difficult year and would almost certainly have had to reduce its headcount.
The solution
An ABC finance Business advisor fully assessed the directors’ circumstances and looked deeper into the business.
He then approached a number of suitable lenders to arrange the finance at the most favourable terms available.
He Liaised with both the director and the accountant throughout and this enabled the accountant to provide the best advice to the business.
The business was able to spend the funds to honour their previously committed expenditure and improve their cash flow.
They were able to maintain their current headcount whilst they adjusted their pricing to reflect the increase in costs that all businesses have experienced since the pandemic.
Gary Hemming
Commercial Lending Director
Why work with ABC Finance to get a business loan?
Our team at ABC Finance are true experts in business loans. We’re focussed on helping our clients to secure the best deal on their finance, quickly.
We can help you secure the finance you need to take your business forward quickly and easily thanks to our deep connections across the commercial finance market.
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