Indoor obstacle course requires start-up funds

New-start:

Term: 5 years
Amount: £210,000
Feature: secured equipment finance with payout prior to delivery

The directors of a new-start company required equipment to set up an indoor obstacle course. They had found a supplier but struggled to find a lender who would pay the deposit that they required upfront.

Accredo could see great potential in their business plan and the fact that they could secure the finance with a charge on the directors' residential address meant that they were able to offer the new-start company the full amount required.

Outcome

Accredo paid the 40% deposit on day one in order for the supplier to commence building the course then released the balancing 60% upon completion of the work. The funds were paid out along with wholly flexible repayments that suited the projections.

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We provide secured business loans from £25,000 to £1,500,000 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, deferred payments and interest-only.

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