SECURED BUSINESS FINANCE

Film producer start-up

Term: 2 years | Amount £600,000 | Feature: interest-only

£600,000 was required to fund new projects when a well-respected film producer left a major studio to set up alone. 

Their lack of trading history meant that traditional lenders weren’t willing to provide them with the finance they needed.

Outcome

Accredo solved this problem with a charge over the director’s residential property on an interest-only basis to be repaid when the VC investment was obtained.