Start up Loan
Our client had recently incorporated and needed to purchase some vehicles for the new enterprise. As a new start-up company, they had no track record or credit rating. This presented an obvious risk to many lenders and after trying other avenues to obtain funds without success, our client contacted Business Finance Providers.
From our initial background research, we discovered that the directors were happy to support the company in any way they could. We used this information to successfully secure a loan with personal guarantees from the directors to satisfy the underwriters.
Since our client’s original loan, we have also refinanced several assets for the directors’ family members.
George Spittle – Director – The Flooring & Resin Company Ltd
