£234,000
£20K, then a £12,972 renewal for the same client.
An initial facility, then further capital when it was needed. The lender reassessed performance and exposure, and both completed.
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- Amount
- £32,972
- Sector
- Business services
- Structure
- Initial facility and renewal
- Outcome
- Both completed
An initial funding requirement followed by a later need for further capital. Both transactions completed.
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The requirement
An initial funding requirement followed by a later need for further capital.
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The challenge
The repeat facility required the lender to reassess performance and outstanding exposure.
-
The structure
An initial £20,000 facility was followed by a £12,972 renewal.
-
The result
Both transactions completed.
Spoke with Simon, who managed to get me the loan I needed promptly. The whole process was very smooth and was completed within a few days.
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Every case is assessed on its own merits. These pages explain the finance used here and what lenders look at.
Client details are anonymised. Every case is different and past results don't guarantee future outcomes: lenders set their own criteria and all finance is subject to status.
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