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£250k cash for a local scaffolding & brickwork firm!
We delivered again! This time on a £250k unsecured loan for a local business in need of quick funds.
Our client operates in the construction sector and ran into cash flow issues due to late payments from large contractors.
We quickly responded with a £250k business loan acceptance which will give their business an extra 6 months of breathing room. In that time their invoices should be well and truly paid.
The deal was over 60 months with repayments of £5,999 per month.
This was done at a rate of 8.8% flat, which was 2% cheaper than their own broker.
Overview
The project
A local scaffolding and brickwork contractor were in need of £250k cash due to large contractors being late paying their invoices. We helped them gain an additional 6 months of breathing room, relieving the stress from the situation so they continue focusing on what they do best.
Speed of the deal
This deal took 48 hours for a full approval and the deal was paid out on the same day as the acceptance.
Benefits of a business loan
Business loans are a highly beneficial solution to businesses in need of quick cash. Below are some of the benefits:
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Fast decision times - Generally loan lenders take between 1 - 3 working days for a decision, unlike the 10 days from high-street banks.
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Early settlements - WIth a business loan you can settle the agreement whenever you like with no penalties for early settlement. In fact, the remainder of the interest is wiped from the agreement at the point in which you settle.
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Complete flexibility - You can use your funds for any business purpose. It might be marketing costs, PAYE, an upcoming VAT bill or even just cash flow issues.
How to apply:
If you think you could benefit from financing your next equipment or machinery purchase, then you can give our team a call on 01604 201510 or email us at info@prontobf.co.uk. Alternatively you can get a quick quote or check your eligibility.
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