Deal Type: 12-Month Interest-Only Working Capital Loan
Loan Amount: £200k
Loan Type: Working Capital
Reparo provided additional working capital to a private school that required funding to implement a restructuring process. Having already provided £750k, Reparo was approached for a second loan to help fund the school through the summer break.
Lending to a registered charity posed a number of challenges:
Reparo has worked tirelessly with multiple internal and external stakeholders to put funding in place twice.
Because of the numerous complications, traditional lenders weren’t able to provide financing in the required timeframe. The financing still won’t be in place for a few months and this delay would have meant the school running into catastrophic cashflow problems.
Reparo director Sharon Bryden was pleased to get the deal completed: “We’re delighted to complete the deal so the school can meet its working capital obligations. It was a challenging deal to complete because there were so many issues, from a large number of stakeholders to numerous legal questions but we remained committed to getting the deal done and the persistence paid off.”
Reparo relationship manager Jason Cossey said: “It was challenging to deal with so many different people, and the stakeholders required a lot of assurances throughout the deal. The only way we were able to complete this deal was because of our flexibility – one of our team was always happy to pick up the phone and answer stakeholder questions. Our ability to execute quickly and provide simple documentation was critical, because when it came down to getting the deal agreed the time pressure was considerable. I’m really pleased we were able to provide the necessary funding and see the school plan for the future with optimism.”
Get in touch to discuss a loan of between £10,000 and £2m. Reach us on email@example.com or 0161 451 5710.