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We were contacted to help source finance for a farming business.
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The company was in need of finance to repay an outstanding loan of £40,000 and also to clear the £45,000 of HMRC tax arrears which the business had accrued. The company owned a property valued at £1.5m which had an outstanding commercial mortgage of £370,000 secured against it. The bank agreed for the valuation to be made available to potential lenders in order to help with the application for further funding.
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Within a week, we had successfully received offers from three different lenders.
The provider which was eventually chosen, offered a loan of £105,000 to be paid back over a 12 month period with the interest rolled up for the first 6 months.
Still unsure whether liquidation is right for your company? Don't worry, the experts at Real Business Rescue are here to help. Our licensed insolvency practitioners will take the time to understand the problems your company is facing before recommending the best course of action going forward based on your own unique circumstances.
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