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Brightstars client, a UK based haulage company was seeking £100k to expand its operations. The business needed to upgrade their vehicle fleet and improve cash flow to support contractual growth and assist with its operational licence covenant.
The client was referred to Brightstar by their IFA, having previously been unsuccessful through their incumbent bank. They were also turned down by an external lender which left the business almost unable to trade in the short term.
Through detailed and constructive conversations with their lender panel, Brightstar were able to explain the true benefits of lending to the business. The finance was agreed on an unsecured basis over an agreed amortising period.
The case completed and funds were available to the business within 7 days. This enabled the business to continue trading and achieve its targeted growth objectives.
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