Zig Zag Chartered Accountants & Business Advisers, a member of The Corporate Finance Network, based in Bath, has successfully advised an Events business on raising £188k.
Zig Zag was approached by their client after their business which operates in the events industry was heavily disrupted by the impact of COVID as trading literally stopped overnight. The shareholders had already taken advantage of the £50,000 Bounce Back Loan via their high street bank. However, they required further funding due to continued delays in reopening the events sector.
Gary Banwell, Director of Corporate Finance at Zig Zag went to work to find potential funding options for their client. After conducting analysis to determine how much their client would need, Gary began to look at the options available to them in the market.
To get the funding options, Gary used Capitalise, a company which provides comprehensive searches of 300+ lenders to find the best rates and deal for businesses seeking finance. The funds were promptly secured at an acceptable rate.
Thanks to the proactive approach of the Zig Zag Corporate Finance team, the business secured £188k to enable the business to trade until the events industry opens once again.