Term: 60 months
1 x fully amortising & 1 x interest only
Amount: 1 x £78,000 & 1 x £72,000
When Accredo were approached to help an insurance brokerage consolidate their existing debts we were more than happy to help. We agreed a £150,000 loan backed by 2 director-owned properties, providing them with the breathing space they needed.
A review of the forecasts revealed that debt consolidation wasn't the whole picture and that some of the funds were required for cash flow. We discussed their requirements to find the most suitable facility and it was agreed that splitting the funds into two separate loans would allow them to manage their debt and cash flow independently, maximizing their financial control.