- Client: Business
- Requirement: Circa £110,000 required before the end of the month
- Time Frame: Drawdown within a couple of hours
- Loan: Circa. £110,000
Enness was approached by a business that had been allowed to purchase a high stock volume at a significant saving. However, the purchase had to be completed before the end of the month. Unfortunately, the business didn't have the working capital reserves to take advantage of this opportunity. To find a solution to this challenge, the business contacted Enness just 48 hours before this short-term offer expired.
Moving quickly, Enness sourced a lender generating multiple sets of terms tied to the purchase order within 1 hour. The client trusted us to act on their behalf shortly after that. We secured a 12 month business loan of circa £110,000 for the client with a flexible repayment structure. The benefits of this approach were three-fold:
- An unsecured business loan backed by a personal guarantee which enabled us to move quickly and efficiently, securing an instant credit decision.
- The 12 month repayment period gave the client a fixed monthly repayment amount that was manageable, consistent, and designed not to impact the business's forward cash flow position negatively.
- The flexible nature of repayment allowed the client to pay down the balance whenever they liked at no extra cost, meaning that the business would only pay interest on the outstanding balance at any given time for no additional fee.
We were able to pay this loan to the client within 24 hours of engagement, allowing them to take advantage of the immediate opportunity.
At Enness, we have a client-centric approach, which is competitive and efficient, making the client trust us to be the ideal choice for this transaction. Our team, fully understanding the situation's urgency, swiftly progressed from the initial call to administration, compliance, and payout. With our extensive market access, we were able to present multiple funding options within the given timeframe at a rate that would ensure the client could generate a healthy margin.
If you are in a similar situation, please get in touch with us to see if we can assist you.
Our case studies are based on real scenarios and outcomes. The details have been anonymised and generalised to protect the identity of those involved. Case studies and market analyses reflect the personal views of the authors and do not necessarily represent the views or opinions of Enness. All comments are made in good faith and we do not accept liability for them.
Information contained in our case studies is for market and illustrative purposes only. In some cases, these may be made up of multiple cases and are for illustrative purposes only.
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