$6.5m Working Capital Funding
$6.5m Working Capital Funding
Service
$6.5m Working Capital Funding
Client
Private Business
Location
Melbourne VIC
The Challenges
Existing bank capped out their debt capacity at $2.5m and was unwilling to fund growth beyond the value of property security that was provided.
Our Solution
EMK Thomas restructured the business funding by introducing a non bank into a shared security arrangement with the existing major bank using an Inter Creditor Agreement.
Client's Result
Combined Debtor Finance and term funding was achieved, with no loan covenants and a reduced loan amortisation schedule.