Unsecured business loan – Total loan of £92k
The situation: A family run business, which stretched over one hundred and twenty five years and five generations, was referred to us by one of our introducers. The shop is situated on the high street opposite a popular market. The business wanted to funds to modernise the retail unit, pay off their overdraft, pay off the business credit cards and develop their website. This was to keep up to date with the changing market and increase profits.
The solution: They felt that the shop floor did not give off the right first impression and was outdated therefore they wanted to modernise it to keep up with competition from other retail shops. Within six months the case was completed for a total sum of £92,633 over twenty four years.