The Client.

A Scotland-based company that has manufactured motor vehicles since 1998 approached us looking for assistance in October 2019. They required a loan for a management buy-out, as the existing owner was retiring and the managers were in a good position to take over the business. 

 

The Requirement.

The client needed a business loan with a quick turnaround - ideally within a month. The managers needed to purchase the controlling share of the company quickly with the existing owner leaving. 

 

The Solution. 

TML achieved an unsecured business loan for this client of £350,000, the full amount required. It was delivered rapidly; the loan was applied for in October and the loan was complete by the end of November. A payment plan of five years was set. 

 

The Benefits.

The unsecured business loan enabled us to meet this clients requirements when it came to a quick turnaround and the rates and terms available. It also enables the client to get the finance they need without fixing the loan to their assets or property. 

The quick turnaround meant that the business shares could seamlessly transition to the managers, ensuring business continuity. The 5-year payback period met the clients requirements and allowed them flexibility without a dent in their cash flow. 

We are glad to have helped them maintain control over their business, and, as they remain an ongoing client, look forward to assisting them in the future. 

 

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