A construction client of McBrides Accountants LLP, a member of The Corporate Finance Network based in Kent, has successfully obtained a new debt facility.
The company required further finance to assist with working capital and had secured previous facilities with Capitalise. So they were delighted to work with them again.
After considering several different routes, they decided to accept a short-term loan facility with Iwoca which included three months’ interest only, before being required to repay the capital in monthly instalments.
This has provided the cashflow for the company to fulfill its costs and continue to grow, whilst only being committed to a short-term period of amortisation.
