A long standing solicitor client of ours contacted us to see if we could arrange an unsecured business loan. We had been arranging funding for this client for some time including funding their VAT each quarter. The firms' main area of business was personal injury so quite often there was the need for funding to buy more cases and to assist with disbursements. The firm had recently taken some funding over a shorter term, but having just had their most recent accounts finalised and now showing a healthy increase in year on year profits, it was decided to apply for a larger longer term loan to consolidate the current outstanding debt and raise capital for further case purchases. A loan of £200,000 over 5 years was arranged at an extremely competitive rate.
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