Business Loan For Solicitors Case Study
Secured Business Loan Completed For A Chain Of Solicitors
Discover how ABC Finance business loan experts helped this client secure a secured business loan to increase working capital.
The facility
Location
Wales
Capital raised
£150,000
How funds were spent
To increase working capital and boost cash flow
The request
The client was an established legal firm with 35 years trading and with a number of branches throughout the country.
Following yet another branch opening they forecasted a cashflow shortfall in the subsequent months.
Without support, it would have left the new branch understaffed or put considerable pressure on their finances during a quieter period of their cycle.
The solution
After an initial consultation with an ABC Business Finance Advisor, it was established that there was a shortfall of £150,000, with the immediate need to fully staff and market the new branch opening.
It also needed to guarantee sufficient cashflow for the next 12 months.
ABC used their extensive industry knowledge and connections to secure a 24-month business loan at more favourable rates than they were able to find elsewhere.
The legal firm spend their funds to market their new branch opening in the local area and to recruit more staff into their new branch.
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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