Situation:
A leading manufacturer of shampoos and hair supplements, with a global distribution network, was facing financial strain due to two short-term loans. These loans required monthly instalments exceeding £8k, with £58k still outstanding. Additionally, the company needed extra funds to support its growth ambitions.
How We Helped:
We streamlines the application process, enabling the business to secure long-term financing. This strategic approach significantly lowered their monthly financial commitments.
Results:
We successfully arranged a £150k loan over 36 months, which allowed the business to:
- Pay off the remaining £58k debt
- Reduce monthly payments from £8k to £6k
- Access an additional £92k for expansion
This financial restructuring not only eased immediate financial pressures but also provided the necessary capital for future growth.
Find out more about how Newable Finance could help you.