Crowd funding – Total loan £40,000
The situtation: An owner of a social club required a cash injection to raise capital for refurbishment; a total of £40,000 was requested and the money was needed quickly.
The solution: This was achieved via a crowd funding loan which took just two days to underwrite and two days to fund. The loan was accepted and the funds were in the client’s business account 3 days after the signed documents were received. It took a total of 7 working days for the unsecured business loan of £40,000 to go from application to receipt of funds.