Secured Business Loan To Help Cashflow In Kent Case Study
Secured Business Loan To Help Cashflow
Discover how ABC Finance business loan experts helped this client secure business finance in Kent.
The facility
Location
Kent
Capital raised
£200,000
How funds were spent
To support cash flow
The request
We took a call from an established online retailer, they were experiencing some cash flow issues and due to this they were struggling to get an unsecured loan at a reasonable interest rate.
They had been trading for 20 years and had an established client base, they knew the cash flow issue was temporary and if they could get the funding they would survive the seasonal dip.
The solution
Having spoken to some unsecured lenders they were left disheartened as they were turned down.
They knew their business was healthy but as the lenders didn’t understand this they were declining the business for additional funding.
ABC Finance are a whole of market broker, as the directors were willing to use their personal assets to secure funding for their business we were able to arrange a secured business loan to aid with their cashflow.
The business subsequently survived their seasonal dip and they used the additional cash injection to expand their business and hire 2 additional sales staff to increase revenue.
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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