Croydon-based accountancy firm MDH, has advised the shareholders of a construction business on obtaining £200,000 to complete a new construction project.
Michael Hemme, the Founder and Managing Director at MDH was approached by his client after they wanted assistance in raising finance to complete a property development project. The property was developed from the ground-up, but with the increase in the cost of labour and material costs, the client found themselves short of finishing the project.
MDH connected with Capitalise, a one-stop shop for business financing needs and immediately got to work to discover the funding options open to the client. Capitalise were able to support MDHs client in obtaining a £200,000 bridging loan to finalise the works needed to bring a property up for the point of sale, and release further capital to move onto their next development project!
An excellent result for all involved.
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