Local customer has business opportunity to expand their second arm of the business. Required funding to assist to purchase stock and to have some cash flow funding gap to assist with their business everyday working capital. Existing banking can only assist with the half of the amount customer required and required both directors’ property as collateral.
How the team at JKK Solutions helped the client
We have in depth conversation with customer and have full understanding about their needs and their future plan. We approved a facility with major lender as per their request to assist their stock purchases and their working capital funding gap. The new facility is purely supported by the the charge over the business without taking each director’s property as collateral.