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TVAF 7 West Mills Yard, Newbury, Berkshire, RG14 5LP
A bank manager we regularly work with introduced us to this customer, who already had one very established and successful business set up. He required a loan to allow him to invest the working capital required to create a sister business.
Despite the client having a very profitable business already, the bank were unable to facilitate the loan, so a specialist, independent asset finance broker was the next step to getting this business off the ground.
With a solid set of financial accounts for the main business, our customer was able to receive a £150,000 loan for the main business, which was then transferred to the new company, allowing them to get it set up once the proceeds were transferred.