- The prospect had a contract agreed with a South Korean company to develop and manufacture their products
- Funding was originally agreed with another lender however due to the COVID-19 pandemic the offer of funding was withdrawn
- The prospect required c£320,000 urgently as they needed to send the money to the South Korean company in order for products to be manufactured and delivered to the UK for Summer 2020
- In order for us to provide the facility within the required timeframe two seperate valuers were instructed to value two investment properties owned by the director personally
- 2nd ranking equitable charges were taken over both properties due to consent not being able to be granted prior to completion
Cashflow lend to fund the overseas manufacture of products
