McBrides, a member of The Corporate Finance Network based in Kent and South East London, has advised the shareholders of a Horticulture retail business on an £800,000 commercial loan.
McBrides Corporate Finance Partner, Mark Grady was approached by his client when his client sought funding advice.
Mark begun the project by producing a detailed cashflow forecast for the business considering to determine how much the business required. The final cashflow forecast produced by the McBrides Corporate Finance team would become a key part of the commercial loan application. The timing of COVID did make the deal more complicated then it would have been during normal times however Mark and his team crafted the application to support the new economic and working environment.
The outcome was a successful application and resulted in the full £800,000 in funding being secured for the business.
