Client: A North Wales-based scaffolding contractor operating across North Wales and Chester.
Purpose of Loan: To provide working capital to support a new commercial contract for scaffolding services.
Loan Summary:
- Loan Amount: £60,000 (Net advance: £51,140)
- Term: 6 months (interest retained)
- Security: 1st legal charge over residential property; Debenture over the business; Personal guarantees
- LTV: 13.33% Gross (on MV), 14.81% Gross (on 90-day value)
Challenges:
- Urgent requirement for capital to support a time-sensitive contract
- Loan secured against unencumbered residential property
Outcome:
- Funding completed within 11 working days
- Client proceeded with the contract with confidence
- Interest retained for full term to ease cashflow
Added Value: Executed quickly with low LTV, demonstrating responsiveness and flexibility.
