These can be used to fund any expansion purpose within the business including any intangible or cashflow needs.
We were approached by a newly formed Solicitors Practice, consisting of 2 Directors which combined 5 years’ experience. Neither of the Directors were home-owners! Thankfully, they were well prepared with a Business Plan, Forecast Statements and details of some ‘Key Contracts’ which gave the funders confidence in their ongoing income capability. With this information we were able to raise £45,000 over 3 years on an Unsecured Loan. The Directors were able to build a website and invest in new technology, marketing strategies and employ additional support staff.
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