Delighted to share the success of our recent deal with a longstanding tailoring business based in Yorkshire, which has been around since the 1920s. This opportunity came to us through a referral from another broker who faced challenges in securing a placement.
The client, having navigated a Company Voluntary Arrangement in 2021 and successfully emerging from it in early 2023, encountered difficulties obtaining lending for their growth plans due to residual CVA constraints.
Although the company owned its factory building outright, traditional lenders hesitated due to the challenges in demonstrating affordability post-CVA. Undeterred, we persisted and found a funder willing to craft a creative solution. Through a 12-month interest-only facility, we successfully bundled the interest into the total amount, overcoming the affordability hurdle and enabling our client to realise their growth ambitions.