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Fast funds for a business requiring an urgent cash injection

Short term lending solutions

Objective

Brightstar’s customer required an urgent cash injection into their building contractor firm, as they had recently secured a large contract and needed to fund 250 central heating boilers to meet their contract obligations.

Obstacle

The customer needed to raise the finance quickly but didn’t have enough equity in their main residence.

Outcome

The customer owned their business premises; they were unencumbered and valued at £500k.  Brightstar were able to secure short term finance on a first charge basis at 50% LTV.  The loan was offered at 0.95% pcm on a non-status basis with no ERCs or exit fees.

The introducer was paid £2500 in procuration fees for referring their client to Brightstar.

 

READ MORE about the scenarios where short term finance can be useful

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