Cashflow lend to fund the overseas manufacture of products

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Funding was originally agreed with another lender however due to the COVID-19 pandemic the offer of funding was withdrawn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