Raising Funds Via Business Loan
Our client operated a Hairdressers and wished to relocate to expand the business.
They needed to raise funds from the Bank to allow them to complete the relocation.
Red Dot prepared detailed cashflow projections to show that the business was able to fund the loan repayment.
We also were able to promptly supply up to date Accounts to the Bank as these had already been completed well in advance.
As we know our client so well, we agreed that our costs would be reduced significantly if the funding application was not successful – we know how frustrating it is for clients if costs are incurred with no end result.
The result was that the bank agreed to lend the money to our client.