An established engineering company looking to branch into production required funding for new machinery. They had recently bought premises and arranged lending through one of the High Street banks, but when it came to arranging finance for the equipment and working capital the Bank declined to assist. The specialist commercial broker secured the loan for the client over a 15 year term.
The £100,000 unsecured loan was completed within three weeks.
Client Comment:
"This lending deal was extremely important to our business and opened new opportunities to increase our production capacity. We in effect went from a cottage industry to a significant specialist manufacturer overnight, and we haven't looked back since then".
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