Broker customer secures finance to support growth

Opportunity

Our Broker’s customer, a media business, was looking to invest in new LED screens to support service demand. Despite the sector being hit significantly during the Covid pandemic, the business was very successful pre-pandemic and forecasted strong growth.

Solution

A Recovery Loan Scheme was used to enhance security and support the business as it came out of a difficult trading period. The assets were ordered via a foreign supplier and payment was made in Euros when the assets arrived in the UK.

Outcome

The Broker customer was able to access the finance they required to further invest in their business to support growth.

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