“Josh was on top of things from start to finish and worked with both ourselves and the client to ensure the deal was completed on time and without delay.” Chris Jolley – Director of United Business Finance
Supporting Growth with Strategic Funding
Deal Summary
- Facility Amount: £250,000
- Interest Rate: 13.25%
- Brokerage: United Business Finance
Momenta Finance recently facilitated a significant financial deal introduced by Chris and Cam from United Business Finance.
The Challenge
The borrower, a Southampton-based company established in September 2011, faced a critical need for cash flow support as they approached a busy period with several upcoming projects. Known for their comprehensive renewable energy solutions, they required £250,000 to:
- Employ new staff
- Purchase new equipment
- Facilitate the undertaking of new projects
- Ensure smooth business operations during the busy period
The company, having completed over 6,500 installations and saved over 850,000 tons of CO2, was at a pivotal moment in their growth trajectory. Without the necessary funds, they risked missing out on significant opportunities and hampering their expansion plans.
The Solution
Chris brought this opportunity to Momenta Finance. Specialising in the construction sector with over 30 years of experience, United Business Finance collaborated closely with Momenta Finance to structure a deal that would meet the borrower’s needs.
The proposed solution was a £250,000 unsecured business loan at a 13.25% interest rate. The process involved navigating numerous fast-moving parts, requiring meticulous coordination and communication between all parties.
The Result
The successful funding enabled the borrower to secure the necessary resources for their upcoming projects. With the £250,000 infusion, they were able to:
- Hire additional staff to handle increased project demands
- Purchase new equipment essential for their operations
- Confidently take on new projects and drive business growth
This financial support not only ensured that the borrower could maintain smooth operations during their busiest period but also positioned them for sustained growth in the renewable energy sector. The deal underscored the effective collaboration between United Business Finance and Momenta Finance, highlighting the importance of teamwork and expertise in achieving successful financial outcomes.
