Managing Director, Nick Battersby, said, "We are always looking for new lending products for our clients and this unsecured cash advance facility could be just the solution for businesses who are looking for short term funding."
Unlike other forms of lending, including bridging finance, the facility has no valuation fees, no legal costs and is completely unsecured. It also works well for businesses in leased properties, which have always been a difficult area to raise finance.
Battersby added, "The facility is quick to arrange, very flexible and pays excellent rates of commission to our introducers. Our underwriters are highly experienced in this field and have often been able to help when there was no other solution."
