For business owners, there’s a clear growth cycle that you can become stuck in.
Wanting to take time to grow the business, but needing to spend more time on current projects to raise the capital to do so.
That was certainly the case when we worked with a removals company based in Portsmouth with big growth goals across every area of the business.
The Challenge
After years of success, 2024 marked the opportune moment for this customer to scale up business. To do so, they needed to boost cash flow to avoid any undue pressure on available capital during this growth period.
However, they needed to source funds that could be used for a variety of purposes, like on-site facilities, marketing, staff training and vehicle investments, rather than just an individual purchase. Therefore, the customer recognised the importance of working with a broker to support their application for flexible funding and came to Moorgate Finance.
The Solution
For Moorgate Finance, going the extra mile is something we’re always happy to do and in this case, it was necessary.
In order to secure funding, we needed to first get clued up on UK Passport Law. We foresaw some potential complications in the application process due to a Non-UK name not matching the customers visa.
But after extensive research on how to best deal with the case, we were pleased to secure a £50,000 business loan over a term of 5 years that could be used for whatever purpose the removals company needed. These terms were the best available in the market both in terms of the loan amount and length of term, offering affordable monthly payments to the customer.
The Highlights
- £50,000 business loan to be used for a range of requirements.
- Funding secured over a competitive term of 5 years for affordable monthly payments.
- Overcame potential challenges with non-matching visa information.
If you’d like to grow your business this year and need funds to do so, we can help you to secure flexible funding. Call 01908 92 62 62 or head to www.moorgatefinance.com/apply-now to make a fast, no-obligation application that’s free of credit checks.