£150,000 secured where lender appetite was limited.
- Amount
- £150k
- Sector
- Solicitors
The requirement
An established legal practice needed significant funding for continued investment in the business.
The challenge
Several lenders had restrictions around the firm’s area of legal work, and its existing borrowing meant lender selection had to be handled carefully.
This is exactly where going to one lender fails. A firm told no by the first lenders it approaches can easily conclude that finance isn’t available at all.
The structure
We kept searching the market until we found a route that suited the firm’s area of practice and existing borrowing, and where the underwriting requirements could be satisfied.
The result
£150,000 was completed and released to the practice.
Let's talk
Discuss a similar
requirement.
Before you approach a lender, speak to someone who understands the transaction. Confidential, no-obligation initial discussion.