Family-owned butchers required cashflow injection
Term: 5 years
Feature: second charge on director's buy-to-let property
Following the pressures of the pandemic, this family-owned business was in serious need of a cash injection to help them revitalise their business. A wholesale & retail butchers, many of their customers had been forced to close due to restrictions and were looking to negotiate better terms when re-opening, to help them get back on their feet.
Some external factors meant that the process took longer than expected, but our long-standing relationship with the broker really helped. With regular communications from our helpful customer service team we were able to keep the customer updated and they were over the moon when we eventually advanced funds.