When your business starts to grow it often means you have to take on extra staff and sometimes you need larger premises.

That is exactly what happened to one of our previous clients. They were winning more contracts and as their main resource is people, this had an impact on cashflow.

Not only did they need money for recruitment and wages, but more people meant more space was required, so an office move was needed too.

We were able to help by arranging an Unsecured Loan of £50k for the company, over a 5 year term. With no early repayment penalties it gave the company the flexibility it was after.

A point worth noting is that it’s called an ‘Unsecured Loan’ but the majority of loans of this type, including those under the Growth Guarantee Scheme will require directors to provide personal guarantees.

We have partnered with a company that can offer Personal Guarantee Insurance, so if you are concerned about signing a PG, you may want to look into their offering. Take a look at our summary of PG Insurance in our News section.

If you are growing, moving or just need some assistance with cashflow funding, do get in touch for a no obligation chat.