Kay Johnson Gee LLP (KJG), a member of The Corporate Finance Network based in Manchester has advised the Directors of a construction plant hire business on raising £150k loan.

The KJG Corporate Finance team, led by Partner Steven Lindsay (pictured) was approached by their construction client after being adversely impacted by the COVID-19 outbreak. With demand stopping from the construction sector in a matter of days following the outrbreak,, the business needed to secure funding for working capital.

The KJG Corporate Finance team promptly set out to advise their client how they could utilise the government backed Coronavirus Business Interruption Loan Scheme (CBILS) to access required capital.

The process began by producing a detailed cash flow analysis to understand what funding was required and this would also be presented to the bank.

The eventual £150k funding was secured with HSBC and the funds promptly received to ensure the business could weather the sudden stop in trading.

 

 

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Categories: Deals

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