Short-term Business Loan Secured for Architect’s Practice

Yorkshire-based architects boosted with new finance channel

We were approached by an architect’s practice based in Yorkshire. This was managed by an experienced director who had previously run his own business; however, his current venture had only been trading for 11 months.

The Problem

While the business was profitable, three contracts had been delayed, meaning there was a need for a short-term cash injection. The director had a poor credit history, including VAT arrears. Consequently, the bank declined to provide the company with any funding.

“After submitting my '60 Second Test' I received a complimentary Insolvency Options guide packed full of useful information. The team of insolvency specialists phoned me back in less than 10 minutes after reviewing my details and guided me through the next steps. Really helpful! Thank you Sophie!”

Patricia 

 

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Sophie Schofield
Business Debt Expert

The Solution

We identified a funder who specialised in assisting small businesses, particularly those with a less than perfect credit history.

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The Result

We helped the director secure a £15,000 loan to be repaid over a six-month period. The loan was agreed to, and the money released within one week of the commencement of the application process.