One Stop Business Finance Last Quarter

Discussion in 'Press Releases' started by KellyBDE, Mar 1, 2019.

  1. KellyBDE

    KellyBDE UKBF Contributor Free Member

    33 2
    Highlights from the last quarter, for businesses we provided funding to;

    Sector: Car Dealer
    Location: North West
    Funding: £200k
    Term: 12 months
    Product: Working Capital
    Funding Security: Debenture, First legal charge over property, Personal guarantees

    Working capital funding for a cash strapped car dealer pending sale of one of their sites to a major supermarket.

    Sector: Call Centre
    Location: North East Funding: £475k
    Term: 24 months
    Product: Working Capital
    Funding Security: Debenture, Second legal charge over residential property, Personal guarantee

    We provided working capital due to the deferred payment terms of the client which meant they were funded over a two year period.

    Sector: Electrical Contractor
    Location: Bolton
    Funding: £200k
    Term: 9 months
    Product: Working Capital
    Funding Security: Debenture, First legal charge over land, Personal guarantees

    Land which was purchased at auction had to be funded to short timescales. Our exit was funding by a high street bank.

    Sector: Healthcare
    Location: Hull
    Funding: £280k
    Term: 24 months
    Product: Working Capital
    Funding Security: Debenture, Second legal charge over residential property, Chattel mortgage, Personal guarantee

    OSBF structured and funded this deal for the acquisition of the assets post administration. It was secured on the fixed assets and debtor book.
     
    Posted: Mar 1, 2019 By: KellyBDE Member since: Nov 30, 2014
    #1