Suffolk based accountancy firm Jacobs Allen, has advised the owners of freight forwarding company to raise funding via the Recovery Loan Scheme.
Chris Kelly, Director of Corporate Finance at Jacobs Allen was approached by his client after they wanted assistance in obtaining funding to grow their business. They were keen to understand how they could access a loan, how much they could borrow, and under what terms. Chris prepared a projection model to assess the funding required and how it would support the growth plans.
Chris and the Jacobs Allen Corporate Finance team, work with Capitalise, a company which provides comprehensive searches of 100+ lenders to find the best rates and deal for businesses seeking finance. They were able to secure funding of £150k over 6 years, with no personal guarantees and with interest at a very reasonable rate.
Thanks to the proactive approach of the Jacobs Allen team, the business secured the funding quickly to enable the business to put its future growth plans into action.