Unsecured Working Capital Loan for UK Transport Provider
18th May 2022
Key Facts:
- Client: UK based service provider (Transport sector)
- Loan: £750,000
- Facility Type: Unsecured cashflow loan
The right working capital facility can help your business grow, prosper and take advantage of opportunities in your marketplace. They are also common if you need extra capital to help you scale. You need to deploy the proceeds of a working capital loan to pay for the operations of your business rather than to buy long-term assets or make investments.
In this case, we were approached by a well-established ancillary services provider who needed financing to support further business growth. The business had recently won new contracts, which required quick funding to enable them to take additional premises and increase employee headcount.
Enness has access to all the best working finance capital lenders, meaning you can go straight to the best sources of finance. With deep connections with all the players in the space and a track record to match, Enness’ reputation will open doors for you. Expect offers to come quickly and know that you will have the best possible rates on offer.
In this instance, we provided an unsecured working capital facility, which doesn't require the company to put forward any collateral. Such facilities are best suited for companies in solid positions that can demonstrate they have sought-after products or services. These types of loans will usually require that you go through a thorough vetting process. You will also need to have a track record of financial stability to provide comfort to lenders. The type of business you run, profitability and demand for your products or services will determine if unsecured working capital finance is an option for you.
Regardless of why you are looking to access corporate finance, Enness can help broker the very best deal. Through Enness, you can access the most competitive finance available, no matter how complex your situation or how much you need to borrow. Enness will save you valuable time and make the process of sourcing and negotiating working capital finance efficient.
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.
Some case studies are made up of enquiries that have come into the business, not all business completes, and the posting of a case study does not represent a completed piece of business.
