Finding a Lender
Steel Hoardings Manufacturer
A steel hoardings manufacturer with a supply and fit service for the house building sector. Following the administration of the existing business we were introduced to the director to find a factor willing to fund Newco.
The sector and debt are difficult and both were unattractive as a lending proposition to both banks and independent factors.
This case proved difficult to find a willing lender given the nature of the debt and the sector it served. Following numerous calls to our large network of lenders we established two lenders willing to provide a facility.
The directors not only received funding for the business, but were offered a choice of lender and therefore they were able to obtain a competitive agreement. We also helped the business in finding public liability insurance and contract hire funding for his vehicle requirements.
« Back