Recent deal: A kitchen renovation company & a covid loan
BusinessLoans.ie is celebrating another successful deal. It was for a kitchen renovation company that specialises in respray and restoration of kitchens, baths, worktops and more. During the pandemic restrictions they took a considerable hit to their business. Now they were busy. Like many in construction related industries they were enjoying a renewed uplift in bookings. The business wanted to update the fleet of vehicles, machines and have some working capital left over. A requirement of €100,000 was identified. When they spoke with us, they had already engaged with their bank. They found the requests for reams of documents too much to deal with; especially business plans and detailed financial modelling when their accountant was so busy with pandemic issues and filing deadlines. They were looking at alternative finance options that were faster.
BusinessLoans.ie identifed a loan quote under the Covid-19 Credit Guarantee Scheme with a non-bank lender. Our client was happy to only have to provide minimal documentation such as recent accounts, bank statements and a tax clearance certificate. They were approved & funded in days at a low rate and didn’t have to worry about a personal guarantee or early repayment penalty. Does your business want a fast finance quote? Get in touch today. Email hello@businessloans.ie or call 01 55 636 55.