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.
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