Building Company – Business Loan Case Study
A specialist ceiling and building company required immediate funding in order to pay creditors, suppliers and staff wages. As they were behind with their VAT and PAYE payments, the company was finding it difficult to generate the capital and needed to find a lender who could deliver the funds – fast.
Well into the red
A specialist ceiling and building company desperately needed quick funding to pay creditors, suppliers and staff wages. Behind with their VAT and PAYE payments, they were about to go under if they didn’t find the cash in 4 days.
The director’s contacted David Vieira of Go Commercial Finance, a brokerage company to help them find a suitable lender. Even though the ceiling company had a weak credit score, David suggested Ashley Finance and they had £40k within the 4-day deadline.
Thanks to David and the Ashley team, they covered all staff wages and supplier payments and were able to repay the business loan over 18 months. And to stop the same situation ever happening again, we even offer an additional £40k ‘top up’ for ongoing cash flow requirements.
Even though Stuart needed help with cash flow he was sceptical about funding. Now he wishes he’d done it sooner!
These guys needed a lender who could see the good in their business, not dwell on current issues.
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