Broker: Mikhail Williams
Introduction: We arranged a £750,000 Invoice Finance facility to support a maintenance company’s working capital needs. The deal involved complexities, including refinancing the director’s investment property, where the previous bridging lender had secured charges over the trading business.
Overview:
- Approved a £750,000 Invoice Finance facility with potential for future increases.
- Fast turnaround – completed from initial application to formal approval in three weeks.
- Re-bridged the director’s investment property for £845,000, releasing the existing charge.
- Secured a lower rate and reduced security requirements compared to the previous lender.
Objections Overcome:
- Complicated business structure
- Refinance of investment property
- Complicated legal process