Term Loan Case Study
The business is a family run affair whose focus is on breeding Lamas for their fine wool. Born out of a growing market for this product, the owners were following a lifelong dream of being financially independent, owning their own business, and living the good life.
The Challenge – Cash Solution to Allow Time for Negotiations
This business, with relatively mid-range turnover, unexpectedly developed an expenses issue. Unfortunately, this hit during their off-season, which meant they didn’t have enough cash flow to cover them. Since the small holding needed working capital to prepare for its busy season, they contacted BFS for assistance.
The BFS Solution
Instantly the team at BFS analysed the Business’ predicament and came up with a solution by recommending a short term loan product via one of its network of Term Loan specialist. What’s more the selected provider managed to implement this short term loan funding within just 3 days of applying.
Still, to this day the small holding turns to BFS for all of its short-term and long-term cash needs. The business hasn’t been to a bank for a loan in over a year but instead trusts the BFS experts to locate the right solutions to get them through any financial requirements.
We Can Help You
If you’ve tried the banks and traditional avenues for funding your business with no success, we can help. Contact us and we can give you all the information you need to secure funding. Call us now on 0800 047 2389.