£69,100 Term Loan Approved For Rubber Manufacturer Despite Credit Challenges
Company Sector: Rubber Products Manufacturing
New Amount:
£69,100
Loan Term:
48 Months
Loan Type: Term Loan
“Securing finance today is no easy task, but Aaron at Bear Business Finance made it happen. He is professional, knowledgeable, and went above and beyond to get our deal over the line….I can highly recommend them to anyone looking for a broker who delivers results in a tough market.”
★★★★★ 5-Star Trustpilot Review, Marie
The Challenge
"previous borrowing and a small number of historic bounced payments had weakened the company's profile, making conventional funding difficult to access"
When this manufacturer approached us, the business was entering a period of growth. Orders were increasing, new projects were underway, and recently won contracts created an immediate need for additional working capital to fund stock and production.
Despite the positive outlook, previous borrowing and a small number of historic bounced payments had weakened the company's profile, making conventional funding difficult to access. They needed a broker who would understand the wider business story and engage the right lenders on their behalf.
Our Solution
"We arranged a term loan of £69,100 over 48 months"
We started by understanding exactly what they needed the funding for and, just as importantly, what kind of finance would actually work for them. They were clear that they didn’t want to be locked in for years. A shorter term with manageable repayments was the priority, and the ability to clear it early without facing penalty fees was non-negotiable.
We arranged a term loan of £69,100 over 48 months, structured to give them:
- Capital to purchase stock and fulfil their recently won contracts
- Funding to push forward with new projects without waiting for cashflow to catch up
- A long term that suited them
- The flexibility to settle early with no fees or penalties
From the point they enquired to having funds in the account, the whole process took less than two weeks.
The Results
With the funding in place, they were able to forge ahead. Stock was purchased, new projects were started and the business had the breathing room to deliver on what they’d won. They weren’t carrying the weight of a long-term commitment they didn’t want and the option to settle early kept them in control.
What worked for this client:
- Approved with the term they wanted
- Able to act immediately on new contracts without waiting for cashflow
- Full flexibility to repay early, penalty-free, if the business grows ahead of schedule
- Funded in less than two weeks from first enquiry
If your business is facing similar challenges - get in touch to explore how we can help - 01832 770 273