Client had an opportunity to purchase stock at a reduced price from a supplier that was being liquidated and the Client was required to commit to the purchase within 48 hours.
He had some aged defaults affecting his personal credit rating however his financial statements and current management accounts (on Xero) showed his business was very profitable.
Xceda provided funding, paid out within 48 hours, using our ‘Business 50’ product. This product requires only a GSA over the Borrower and Guarantor/s. To maintain our connection to the business during the loan term we requested quarterly management accounts to be provided.
For more information about our Business 50 Lending options, enquire here at firstname.lastname@example.org