Deal Type: E-commerce Working Capital Loan
Loan Amount: £100k
Loan Type: Fast Track Loan
Security: Personal Guarantees
Region: Nottingham, Nottinghamshire
Reparo Provide a Much Needed Cash Injection
Reparo helped an e-commerce startup obtain the working capital it needed to keep on growing. The startup was managed by two experienced entrepreneurs and sales were excellent. However, the need to keep replenishing stock led to cash flow challenges.
Because the business was a startup with cash flow problems lenders were concerned about debt serviceability, leaving the founders unable to secure working capital from traditional lenders.
Reparo Finance had a strong relationship with the business having provided a loan to get it started, and was very happy to provide further lending to help the business address its short term cash flow issues. A working capital loan of £100,000 was deployed within days, and Reparo was comfortable with personal guarantees provided by both directors.
Reparo Step In When Banks Say No
The startup may have been a new business with cash flow challenges, but that didn’t tell the full story. The founders were experienced, highly competent and fully committed to the project, having committed £500,000 of their own money to the business – a sign of their commitment.
Reparo Finance Relationship Manager Jason Cossey had this to say about the deal:
“We were delighted to help this startup access the capital it needed. The founding team has a proven track record in business, significant personal assets and a large financial investment in the business. It was an easy decision to back the business and provide the liquidity it needed to continue growing”.
To discuss a loan between £10,000 and £1m, please get in touch with one of the team on email@example.com or 0161 451 5710. You can find out more about us on our website: www.reparofinance.co.uk