Charity events company turned away by traditional banks
Term: 5 years
An events company approached Accredo looking for a large cash injection as they were experiencing financial difficulties. They'd had a period of poor financial leadership and were also covering repayments on a loan they had acquired to set up a sister company. They presented Accredo with a strong business plan and it was clear they were trading well. This, coupled with a second charge over the director's residential property meant that Accredo was able to help the company with their requirements.