In December we were asked to find funding for a new food outlet. The client had run into
challenges over the previous few years with an outlet closing due to no fault of their own, this caused cash flow problems and left them with little opportunity to grow.
Lime were approached due to our experience in this field and that we had a track record of achieving things nobody else seemed able to do.
The proposal we had was for a solid business that had simply had some pure misfortune (yes, it can happen) and had passed up some good opportunities to grow as they simply could not raise the funding needed through traditional routes.
The business case this time was about opening a new outlet in a high footfall location, in essence it was an opportunity too good to pass up.
Using our experience and knowledge we managed to source £100k of borrowing at competitive rates, not on Enterprise Finance Guarantee Scheme, so no 2% interest premium, in fact we secured the funding using a director’s guarantee only.
We often hear stories of finance being difficult to obtain, well please talk to us first and we may just have a solution for you.
If you want to know more about what we did, whether the same could apply to you, or simply want an informal chat about what we do then please get in touch , call us on 0844 682 1462 or add your comments below.
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The bank had declined the borrowing, we got it approved.