A business loan for refinancing and improved cash flow

A furniture retailer came to us looking to borrow £75,000 for a combination of refinancing and cash flow.

They wanted to consolidate two other loans, which were on more expensive rates, into one, to improve capital management. The business had a strong trading record and sound reasons for the consolidation request.

They wished to work with Rivers as we were able to offer a more competitive rate as well as a longer term of 60 months, where other lenders could only offer 24 months.

Rivers was able to approve the loan for the full £75,000 over five years.