Jacobs Allen, a member of The Corporate Finance Network based in Suffolk, has successfully advised the owners of a construction business to raise £250,000 in the form of a 6-year term loan.
Jacobs Allen Corporate Finance Director, Chris Kelly, was approached by the directors and shareholders after they had at first gone to the high street bank they had been with for decades and applied for additional funding, however, this was declined.
Chris Kelly, a member of the Jacobs Allen Corporate Finance team advised on potential options to enable the client to fund their new development projects. Using Capitalise, the Jacobs Allen Corporate Finance team achieved a competitive offer and drawdown for their client.
The funding was used to assist with working capital and enabled planned larger construction projects to commence.
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