A long established group of companies operating in the construction sector needed to raise a significant sum for working capital to fund the initial costs involved in a number of imminent large contracts.
The group had major funding already in place via a high street Bank for a number of development projects it was undertaking and were therefore looking for an independent and competitive source of funding from a lender who could act quickly.
They had a large fleet of excavators which were unencumbered and the bank, following a swift valuation and inspection process, offered to advance the sum required. Loan Amount £300,000