SECURED BUSINESS FINANCE

Civil engineering company working overseas

Term: 12 months | Amount £150,000 | Feature: bridge

A UK-owned civil engineering contractor approached Accredo as they were looking to raise funds for an overseas contract they’d recently secured.

The contractor required £150,000 upfront for the project and needed a bridge product as they didn’t want monthly repayments affecting their day-to-day cash flow while getting their new project started.

Outcome

Accredo was able to provide the full £150,000 with a second charge over a director’s residential property, and they had the funds paid out within three weeks.