From Bad Debt to Better Rates in 48 Hours: A £150,000 Long Term Loan Secured for Growing Ventilation Business
Company Sector: Engineering – Ventilation Systems
New Amount:
£150,000
Loan Term:
72 Months
Loan Type: Long Term Loan
The Challenge
"Two of their largest customers had gone out of business owing them large sums for completed work"
This ventilation specialist, trading for more than 20 years, came to Bear after waiting two weeks to hear from their existing finance provider. With a new Aerospace contract to fulfil and clients paying 60 days late, the business couldn't afford any further delays. The excellent communication and speed mentioned in our Trustpilot reviews stood out to them, so they got in touch.
To fulfil its new Aerospace contract, the business faced several urgent challenges. Old high-interest borrowing was eating into profits and ongoing late payments from clients were putting pressure on cashflow. New premises had been sourced and notice already given on the existing site, finance needed to be arranged quickly to keep everything on track.
Their accounts didn't make it simple. The year before had been a bad one, two major clients had gone out of business, owing them significant sums for completed work. Late payment from clients was already a regular problem. The business was concerned these factors would result in high interest rates.
Our Solution - Funded in 48 Hours
"We secured a £150,000 Term Loan, within 48 hours, at significantly better rates than their existing borrowing."
We took the time to understand the full business picture. Ambitious growth plans were already in motion: more contracts, more stock and equipment, and the working capital to buy materials ahead of payment on larger jobs. The new premises were central to making that growth possible.
We went to the right lenders and explained the full story including the bad debt, the late payments, and the solid plans for growth.
We secured a £150,000 Term Loan, within 48 hours, at significantly better rates than their existing borrowing.
The Results - Major Aerospace Contract Fulfilled
• Move secured — new premises confirmed and completed within their time-critical deadline
• Major £400k Aerospace contract fulfilled
• Lower rates – significantly lower interest rates achieved to improve profitability
• Cashflow strain solved – reducing the pressure caused by late client payments
• Finances simplified — old borrowing consolidated into one manageable monthly repayment
•
Room to grow
— space to store stock and equipment, plus cashflow to take on larger contracts with confidence
If your business is facing similar challenges - get in touch to explore how we can help - 01832 770 273