Alternative Finance -
Unsecured loan for steel fabrication business
Opportunity:
A new client had its overdraft removed by its bank following the introduction of invoice finance. As the client had recently purchased capital equipment out of cash flow, the removal of the overdraft had led to a cash flow problem.
Approach:
We met with the client to understand the impact of the problem and to discuss financing options.
Solution:
We sourced an unsecured loan with repayment spread over 12 months.