Charity events company turned away by traditional banks

Time-critical:

Term: 18 months
Amount: £1,000,000
Feature: interest-only

An events company approached Accredo looking for a large cash injection as they were experiencing financial difficulties. They'd had a period of poor financial leadership and were also covering repayments on a loan they had acquired to set up a sister company. They presented Accredo with a strong business plan and it was clear they were trading well. This, coupled with a second charge over the director's residential property meant that Accredo was able to help the company with their requirements.

Outcome

The result was that Accredo was able to lend the full £1,000,000 they required on an 18-month interest-only basis which suited the cash flow forecasts.

Our Products

Short term business loans

Our short term facilities have a transparent payment profile of anything from 3 - 18 months allowing your clients to free up cash flow to run their business.

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Long term business loans

Our longer term facilities are available for periods of 5 to 10 years.

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Secured equipment leasing

Purchasing equipment outright often requires a significant investment. Accredo provides secured equipment leasing options for most asset types including second hand equipment as well as leases for intangible assets such as software.

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Tel:  01444 255915

Fax: 01444 255910

Email: customerservices@accredoltd.co.uk

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Our products

We provide secured business loans from £25,000 to £1,000,000 specialising in solutions for new-starts, difficult credits and established companies. We lend against residential, commercial, mixed-use and buy-to-let property. 

We aim to give decisions in under three working hours. Our repayment terms are from 3 months to 10 years. And we offer fixed repayments or flexible terms such as seasonal payments, payment holidays and interest-only.

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