Asset refinance

We were introduced to a long-established textile manufacturing business that due to the changing nature of its market had struggled. A package was being put together to fund a turnaround and as part of that we were asked to refinance some specialist machinery.
Having met with the management team and discussed the whole picture we were able to structure an offer.
Working in conjunction we the senior debt provider, debt funder and specialist short term stock funder we provided a £40k refinance facility on assets with a security value of approx £20k.

Posted in General News

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