SECURED BUSINESS FINANCE

Law firm

Term: 60 months | Amount £85,000 | Feature: debt consolidation

During a tough year in business, an established law firm had taken out a number of high-interest, short-term loans to help them through.

Now business was picking up again but these loans were falling due and they were unable to meet the repayments.

Outcome

With a supporting charge over the directors residential address, we were able to offer the company £85,000 over a 60 month term, settling all of their existing short-term debt and reducing their immediate monthly costs by just over £12,000.