“Working with Jeremy and his team at Momenta is always refreshing. Their genuine dedication to securing the best deal for our clients coupled with Jez’s approach of regular updates and personalised attention ensures a smooth process and sets a high standard of service.”- Gemma Clifford, Associate Director at On-Site Finance.
Law Firm Expands with Help from Unsecured Business Loan
Working alongside Gemma, an Associate Director at On-Site Finance, we were able to facilitate a £200,000 Unsecured Business Loan for a prestigious London-based law firm. This collaboration underscores our dedication to providing flexible, client-centric financial solutions, enabling the firm to manage and expand its litigation portfolio.
The Challenge
Faced with the opportunity to expand their caseload but constrained by the costs of current litigation cases, the firm found itself seeking a financial solution that would enable them to navigate through this period of potential growth.
Additionally, the firm expressed a specific need for a loan structured to provide financial breathing room. A key requirement was the inclusion of an interest-only period
The Solution
In response to the firm’s unique requirements, we structured a £200,000 unsecured business loan over 36 months with a 6-month interest-only period. This financial arrangement was designed to provide the law firm with the necessary flexibility to effectively manage both current and future caseloads without the immediate financial pressure of standard loan repayments.
The Momenta offer stood out, owing to its competitive terms, the interest-only period, in particular, provided the breathing room necessary for the firm to manage cash flow, allowing them to allocate resources more efficiently across their portfolio of cases.
About On-Site Finance
On-Site Finance serve as intermediaries between businesses seeking funding and lenders who can provide the necessary capital. OnSite play a crucial role in facilitating the financial needs of companies by connecting them with appropriate funding sources. In a dynamic and complex financial landscape, their team provide market insights, and a personalised approach to help businesses secure the funding they need to grow, innovate, or manage their operations.
