CBILS & Commercial Loan | 6 Years | £235,000

Based in South Wales, a local construction company established for over 10 years were secured a total funding of £235000 to support covering overheads costs and working capital during the current COVID 19 crisis.

This proved to be a complex case, supported by our expertise in working with the management team and their accountants to produce a robust cash flow projection to support the request.

A detailed report to the client’s bankers were submitted, resulting in a speedy decision that provided furloughed staff the opportunity to return to work and sub-contractors to restart on site. The funding will also support the company as lockdown eases and sites re-opening thus negating the adverse initial impact this would have had on cash flow.