Critical Business Funding: £100,000 When Time Was Running Out

The situation

An established kennels and cattery business needed £100,000 for essential repairs and improvements required to meet licensing requirements.



The challenge

The business had experienced a significant reduction in turnover during the pandemic, depleting cash reserves. Its primary asset, which was also the owners' home, was already mortgaged to a high-street bank, ruling out a straightforward remortgage. The existing bank had also been unable to assist.



Finding a way forward

With the licensing works time-sensitive, we focused on the speed and structure of the funding and identified a lender able to consider the circumstances.



An unsecured loan offer was secured within 24 hours.

The outcome

The full £100,000 was transferred into the client's bank account within a week, allowing the business to proceed with the essential works without putting its home at further risk.



Sometimes the right funding solution isn't the most obvious one.