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Securing a Revolving VAT Bridging Facility

13th May 2024
CORPORATE FINANCE ASSOCIATE

Jack Dowling

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VAT Facility
Jack Dowling
CORPORATE FINANCE ASSOCIATE

Jack Dowling

  • Business: Restaurant Located in Central London
  • Facility: Revolving VAT Reclaim Bridge Facility
  • Loan Amount: £1,000,000 per quarter
  • Use Of Funds: Working Capital / Capex

 

In this case, a restaurant business approached Enness. Armed with a strong business plan and personal track record but little established trading history, this business sought a quick and cost-effective means to support its immediate needs. In newly occupied commercial premises, the business had yet to begin trading, meaning traditional bank-led lending solutions would not be viable. Furthermore, the business's working capital position needed to be improved. Enness was engaged to solve this problem, with a fast target turn-around time.

Enness swiftly and effectively negotiated a revolving VAT reclaim facility, providing the business with the relief they needed. This facility allowed for a good LTV value, subject to an attractive monthly interest. The drawdown was possible within an impressive 12 hours of the request. The entire process, from the initial engagement with Enness to the drawdown of funds, was completed in under two weeks. The rolling facility allowed them to scale their reclaim advances with their commercial property investment.

Enness, a high-value finance brokerage, stands out with its unique team that specialises in both commercial property and trading businesses. Our expertise allowed Enness to leverage our market knowledge to identify, generate terms for, and facilitate the completion and drawdown of a completely bespoke lending facility. This facility was designed to solve the immediate problem for the client in a quick and efficient manner.  Moreover, our private-client and multidisciplinary approach enabled us to, adjacent to this lend, conduct a thorough review of the client's commercial property and insurance arrangements. Ultimately generating additional cost efficiencies and ensuring the business was to begin trading from the strongest platform as quickly and efficiently it could. If you or your clients need help assessing your business financing options, contact us today.

 

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