£40k Business Loan paid out in 4 days, saving ceiling company from collapse

  • Anil Kanda
  • 12 Jul, 2014

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 find a lender who could deliver the funds – fast.

The director’s contacted David Vieira of Go Commercial Finance; a financial brokerage company who use their expertise to match clients to suitable lenders. The ceiling company had a weak credit score and urgently needed to raise funds in 4 days, so the case was referred to Ashley Business Cash who specialise in smaller business lending.

Within the 4 day deadline the client received an initial Business loan of £40k repayable over an 18 month period  to cover the staff wage bill and supplier payments.  An additional £40k ‘top up’ for ongoing cash flow requirements will also be available to them.

Many lenders wouldn’t have been able to help this business, however Go Commercial’s expertise coupled with Ashley Business Cash’s quick, understanding and proactive lending means the business will continue to trade safe in the knowledge they can apply for additional funds when needed.