2nd charge to clear existing charges

The stats

125k
Loan
2nd
Charge
52%
LTV
12mo
Term

The deal

Our client had a few charges on their property relating to historic business debt and they were also looking to raise some further capital to help expand their business.

The challenge

The client had some adverse press about them which meant they had found it difficult to raise finance in the past. Some of the charges on the property needed to be repaid quickly so there was a time pressure as well.

The outcome

The client was extremely pleased we were able to support them and their business within just a few weeks.

FBSE did it again! We had struggled to find finance for our client due to an old news article about them. We know FBSE approach every deal with open mind and look at commercial ways to make a deal work. We knew we could count on FBSE and they delivered as always.

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