Mr T – Barnsley
- Development & Bridging
Our client approached us looking to consolidate an already existing business loan, that had been squeezing the cash flow on his business. As profits from the business were being eaten by the loan repayments our client could show no significant income, leaving him high-and-dry when approaching traditional highstreet Lenders. Of course, this didn’t allow any personal finance to be injected into the business either. Through our commercial bridging loan facility the client was able to pay the £52,000.00 to ensure the business loan could be paid off in full. Mr T chose to defer payment on a retained basis over a 12 month period. This meant that he was able to show a higher affordability for any remortgage required for the exit strategy after the 12 month period.