£69,100 Term Loan Approved For Rubber Manufacturer Despite Credit Challenges

Company Sector: Rubber Products Manufacturing

Loan Amount: £69,100
Loan Term: 48 Months 
Loan Type: Term Loan

"Relocating to new premises, the business needed working capital to cover fitout costs, vehicles, staffing and a slowdown in billable work, all hitting cashflow at once"

The Challenge

"Relocating to new premises, the business needed working capital to cover fitout costs, vehicles, staffing and a slowdown in billable work, all hitting cashflow at once"

Our Solution

"From initial contact, the loan was paid out in only 72 hours"

We identified a lender who would consider a non-homeowner and who would take the time to fully understand the complexities of the business’s cashflow. 



From initial contact, the loan was paid out in only 72 hours. The £50,000 Term Loan was structured over 72 months to keep monthly repayments manageable during the period when production was reduced, with the flexibility to exit early once the business was back at full capacity:

• Early settlement permitted - no penalties for paying off ahead of schedule

• Overpayments allowed - ability to clear the balance faster during stronger months

• Low monthly payments - long-term structure designed to reduce pressure
  

The Results

• Funded in only 72 hours - despite a lossmaking trading history and a tenant shareholder

• Relocation completed with minimal downtime - all moving, fitout and miscellaneous costs covered without the business having to pause or compromise on the new premises

• Cashflow protected - the injection of £50,000 meant the business could meet its obligations throughout the transition without drawing down reserves

• Room to grow - with new offices, additional vehicles and new staff in place, the business was able to move forward from a stronger operational base
  

If your business needs funding to bridge a gap - get in touch to explore how we can help - 01832 770 273