Reach Commercial Finance has secured a £120,000 funding deal for a Worcester-based accountancy firm to help them drive growth.
The firm, which was established in 2018, was keen to expand after a positive period of success and identified that it needed a significant amount of capital funding to achieve its ambitions.
Reach was appointed to look for an appropriate solution within a short time frame.
After going through a detailed assessment of the client’s position and requirements, Reach recommended an unsecured loan from the Government’s Recovery Loan Scheme.
Applying for the loan via the portal the team at Reach got the deal approved within a month.
Leading the team at Reach, Rebecca Salt, Business Development Manager, commented:
“We knew that the timescale to secure the deal was quite challenging as it needed to support a fast-paced period of growth and be delivered quickly.
“But we managed to get through the legwork and find the lender best suited to their needs within just a few weeks. Handling all the administration around the deal ourselves made sure there was minimal fuss and paperwork for the client.”
Reach Commercial Finance is an independent financial brokerage of Leonard Curtis Business Solutions Group. It has a wide range of experience in helping limited companies and corporate entities secure funding.