SECURED BUSINESS FINANCE

Seaside amusement arcade & family park

Term: 10 years | Amount £100,000 | Feature: seasonal payment profile

This highly seasonal business had strong growth but had funded this with inappropriate debt involving several different terms and a mixture of variable and fixed rates.

Defaulting during off-peak times caused increased fees and, in one case, settlement demands.

Outcome

Accredo settled all existing debt and provided £100,000 of new cash flow with a 10-year secured loan and a seasonal payment profile. This was tailored exactly to the customer’s cash flow projections and removed the mismatch of previous funding.