£250,000 Consolidation Loan Cuts Interest Costs by more than a Quarter for a Sustainable Print Business
Company Sector: Print & Design
Loan Type: Consolidation Loan
Loan Amount: £250,000
Loan Term:
60 Months
The Challenge
Running their sustainable print and design business for nearly 30 years, this company owner came to us with a common challenge. They had too many finance agreements, spread across different lenders, at rates that no longer reflected the strength of their business.
With two separate repayments leaving their bank on different dates, cashflow was hard to track. The rates attached to the existing borrowing were causing the owner significant strain. Every month their margins were being eroded by the high-cost borrowing.
"Every month their margins were being eroded by the high-cost borrowing"
Our Solution
We reviewed their existing agreements and began communicating with the lenders we felt were most relevant to the situation. In less than two weeks, we had sourced a £250,000 Consolidation Loan at a significantly lower APR, cutting their interest rate by more than a quarter. After negotiations, we achieved a longer repayment term to further ease the monthly pressure for our client.
"we had sourced a £250,000 Consolidation Loan at a significantly lower APR"
The Results
- Lower interest costs - moving from high interest rates to a single facility at a lower rate facility made an immediate difference
- Improved cashflow - one monthly repayment, on one date, for simplicity and improved cashflow visibility
- Longer repayment term - stretching the facility over a longer period reduced monthly outgoings and gave the business more room to breathe
- Funded in less than two weeks - the client didn't have to wait around for a solution
If your business finance is costing too much - get in touch to explore how we can help - 01832 770 273