Key Details:
- Client: South London business owner
- Objective: Consolidate debt and reduce monthly outgoings while maintaining company stability
- Solution: Secured circa £300,000 third-charge facility via a flexible specialist lender
The client faced multiple high-cost, short-term business loans that were creating significant strain on both personal and company finances. With their primary residential property already encumbered by first and second charges, mainstream lenders were unwilling to provide additional support.
Enness sourced a specialist lender prepared to offer a circa £300,000 third-charge facility. This bespoke solution consolidated the existing debt into a single manageable repayment, immediately reducing monthly outgoings by approximately £10,000. The structure also stabilised cash flow and created a clear pathway toward long-term financial sustainability for the business, allowing the client to focus on growth and operational stability.
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