TML have recently worked with a Building Materials Agents and Suppliers in South Wales, who have been trading for 12 years. After hearing of TML through their invoice finance company, they contacted us to help them with consolidation and cash flow whilst they waited for new contracts to begin. 

The Requirement.

The client came to us in need of a long-term business loan to assist with consolidation and cash flow over an 8 year term. They wanted to maintain their cash flow while they waited for new contracts to start, whilst also repaying an existing expensive loan. Taking the loan over a longer term enabled the client to bring their monthly payment down each month.

The Solution.

TML succeeded in delivering the full amount of the long-term business loan, £95,000. They applied at the beginning of July and the loan was completed by mid August - this particular loan has a 4-5 week turnaround, so we ensured that it was delivered to the client as soon as we possibly could. 

The Benefit. 

The long-term loan enabled the client to borrow to maintain their business without feeling the potential pressure of a short-term loan. Being able to keep the monthly payments low and pay off old loans means the client could focus on their business without the stress of a large drain on their cash flow. They could therefore fulfil new contracts as and when they arose, thereby facilitating business growth. 

TML offers a range of personalisable bespoke finance solutions for your business. To find out more, contact a member of the team today.