Magazine publisher in need of funds to help recover following the pandemic
Term: 5 years
Feature: interest-only with a break clause
The publisher of a magazine & event organiser in the aircraft sector approached us via one of our brokers as they required £180,000. Due to the pandemic, a number of their scheduled conferences to be held across the globe had to be cancelled and advertisements put on hold, this had resulted in a loss of revenue and unfortunately they'd had to make redundancies.
With international travel opening up, they were ready to start organising the next 4 conferences for 2022 and required some funding to help with the set up and recruiting of new staff. They needed flexibility and for their monthly outgoings to be kept low to help with cashflow.