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Refinance to Raise Cash

Updated: 14th February 2007 (AM)

Amount: £75,000

Historically, this company was supplied with free-issue stock. When their supplier began to struggle, this facility was withdrawn without warning. To continue trading, our client needed a cash injection of £75,000 to purchase the stock, and they needed it quickly!

They called us, and after careful consideration of all the business assets (property, machinery and ledger), we advised that the speediest and most effective way of raising the money was to refinance the machines.

We arranged a Sale and Leaseback facility for 100% of the machinery value. and our client received the money nine days after the initial enquiry.