Marketing agency in Leeds expands growing area of business with revolving credit facility
Deal type: Working capital
Facility: Revolving credit facility
Facility value: £85,000
The situation
One of our professional introducers referred us to a marketing agency in Leeds who wanted to source a new loan and refinance an existing loan.
The agency already had an offer from another finance provider but wanted to explore their options.
The solution
We asked the agency owner what they wanted the finance for and how long they needed it. They told us it was to invest in a growing side of their business.
They anticipated high client interest would allow them to pay the finance off in three to four months.
As they only needed the finance for a short period, we recommended a revolving credit facility.
The result
The revolving credit facility gave the agency the flexibility to invest in a new area of their business without being tied in long term.
They only paid fees and interest rates when they drew down on the facility. Plus, the first two months were interest-only.
We also reviewed their existing loan. The terms and rates were good, so they didn’t need to refinance it. This alone saved the marketing agency over £45k in interest rates.
While it was a smaller deal than the one they approached us about, it was the right solution for what the client wanted to achieve.
What the client said
“I've worked with a few brokers over the years, and Patrick is the first one who I thought was 100% on my side, giving honest advice, explaining details clearly and getting back to me promptly to keep things moving. Patrick advised me away from expensive options which would have made him more money and helped me to understand the lending landscape and criteria. A genuinely excellent experience.”
Your finance deal is a conversation away
Revolving credit facilities are one of three working capital funding solutions we can source for your business.
Explore the different options or get in touch to see what we can do for you.
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