Our clients approached us as they formulated plans for a management buyout of a long-established, successful printing and packaging company.
With the terms of the purchase being structured, the group of senior managers approached The Funding Store to secure financing to allow the deal to proceed.
The team needed £150,000 and the finance would be needed within a two-week timeframe.
The Funding Store assigned Account Manager Nathan Gibb to assist with the client’s finance requirements. Nathan met with them at site and discussed their needs for unsecured finance and the repayment options available to them.
With the brief in hand, Nathan approached funders from our panel who could meet the needs of our client and he then presented the available options to them.
An unsecured business loan was selected, at a market competitive rate and with repayments spread over 3 years. The lender was also able to meet the clients need of providing the finance well within the two weeks that was required for the deal to complete.
The deal competed in early April 2019 and the client was extremely pleased with the service and support provided by Nathan and The Funding Store.
We wish the new owners all the best as they progress with their plans for the business.
Contact us today to discuss how we can help you secure finance for your business.