£245,000 Funded For Debt Consolidation
Where it left the business
The business was approved in 6 business days, allowing another day for documents and pay out. The business was able to save over £1500 on their monthly debt servicing and still retained excellent flexibility in their loan.
Supporting facts
The ambition
A client approached us having previously sourced funding independently to grow their business. As they have grown their business they were in a position where they could use their new stronger financial position to leverage their debt and save on interest payments. They wanted to seek an option that was strong financially, non intrusive for underwriting and quick to position.
How the finance was structured
Our team utilised a brand new product from a Tier One institution to provide a £245,000.00 facility that did not require any legal charges or debentures.
What it made possible
The business was approved in 6 business days, allowing another day for documents and pay out. The business was able to save over £1500 on their monthly debt servicing and still retained excellent flexibility in their loan.
Client details are anonymised. Figures are the facility terms published for this case; lenders make their own credit decisions and every case is assessed individually.
Planning something similar?
Start with a conversation with a Sorbus broker. They can talk through your plans; they are not necessarily the broker who arranged this case.
