Trading businesses often need an injection of working capital or a large bill settling that doesn’t sit within their cash flow projections. If the business or the owners of the business own property, they can leverage the property as security to enable essential business funding to be released with minimal disruption.
With an HMRC bill coming due for payment and a cash flow block, BF24-7 was approached by the owner of a retail business to find a solution, the business was asset rich and owned the retail store outright. BF24-7 were able to find a lender who would cover the bill, whilst another of the owners' assets were sold.
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Bridging Finance 24-7 LTD is a trading style of Business Finance 24/7, registered address 29 Peter Street, Manchester, M2 5QJ. Company number: 12005348. Registered in England and Wales. DPA No: ZA541464