Urgent £40,000 Funding Solution for a Funeral Directors Facing Closure
Company Sector: Funeral Directors
Loan Amount: £40,000 Short-Term
Loan Purpose: Pay council tax arrears
Our client is a well-established, family-owned independent funeral director with multiple branches located throughout the London area. Built on trust and service, they have earned a reputation for their exceptional care and dedication to supporting grieving families during their most difficult times.
The challenge
While focused on the day-to-day demands of running their business, the funeral directors received an unexpected and alarming notification from their local authority: council tax for one of their sites was significantly in arrears, and immediate action was required.
"The situation escalated rapidly when the local authority issued an ultimatum"
The situation escalated rapidly when the local authority issued an ultimatum – if the arrears were not settled immediately, they would face the severe consequence of having their business operations suspended. For a funeral director, this wasn't just a financial threat; it meant being unable to serve their clients.
The business faced the following challenges:
- Insufficient funds to pay the substantial arrears outright
- Extreme time pressure with immediate payment demanded
- Traditional high street banks couldn't accommodate the urgent timeline
- Business continuity at risk with potential operational shutdown and loss of revenue
How we approached things differently
Understanding that this was an urgent and stressful situation for our client, our approach was as follows:
Speed through efficient precision matching – we used our knowledge to liaise with lenders we knew would be able to provide fast funding for this client’s situation.
Dedication to sourcing a solution - we recognised that the client’s business would be severely impacted if they couldn’t settle the arrears immediately.
Our solution
We sourced a £40,000 short-term loan that was paid directly to the client within 24 hours of their initial application. This rapid allocation of funds allowed the funeral directors to:
- Settle their council tax arrears immediately, removing the threat of business closure
- Continue operating without interruption, ensuring families could continue to rely on their services
- Maintain their reputation and community standing, avoiding the reputational damage that could have resulted from forced closure
- Focus on their core business rather than being consumed by financial crisis management
The speed and efficiency of our solution meant that what could have been a catastrophic business failure was resolved swiftly and discretely.
The impact
This case demonstrates the critical importance of having access to rapid funding solutions when businesses face unexpected challenges.
Speak to us today to see how we can source fast solutions for your business.
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