Short-term working capital £1m

The company had won a new contract which it couldn’t complete without a cash flow injection.

Facing several challenges this customer had only been established for 12 months, meaning technically no income steam. One of the owners of the company had credit difficulties impacting their ability to get credit. Lastly, time was of the essence, or they would miss the contract.

These reasons the customers current invoice finance partner could not help.

After a deep dive, it was clear with a flexible approach this lender could do provide a solution.

The client had in the background an office building with tenants and past turnover which allows the lender a level of security to service the risk. Although this building had a first and second charge, the lender in effect refinanced both previous loans to facilitate the £1 million interest only structured loan enabling the customer to complete the contract.

Funded: £1,000,000
Sector: Interior design
Funds For: Short-term working Capital
Timeframe: 12 months

No matter how difficult or complex your funding requirements may seem, we would love to talk and establish if we can help. A fresh pair of eyes can make all the difference.

We have a range of over 200 lenders in our financial toolbox, in most cases we can achieve a result. If we can’t, we will not waste your time. Contact an Aura Finance specialist today.

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