Mr and Mrs C – Essex
- Development & Bridging
After successfully bidding for a contract with a nationwide service provider, Mr and Mrs C approached Weston Financial re funding of circa £100,000.00 for cashflow that the business clearly needed after winning the contract. The clients had been turned down by their business bank due to low turnover in the previous year and they were unable to raise the capital for the business through their existing mortgage provider. With Weston Financial’s assistance they were able to register a second charge commercial bridging loan across multiple properties. Capital was raised and the business repaid the loan in 24 months, interest being retained at day one and enabling them to concentrate on the newly obtained contract.