Saturday 25th September 2021

From the Business Godparent

Are you looking for business funding?

Essendon may be able to help…

If you run your own company then there’ll be a time when you need to raise some business funding. It can be quite a daunting task in these uncertain times.

Essendon has teamed up with a funding consultant by the name of John Stubbs. John has over 25 years of experience in the finance sector. Together, John and Essendon can source funding for our clients and contacts who need working capital for business development and expansion.

We are currently working with John to secure funding for a number of our clients with loans ranging from £25,000 to £130,000 over 3 to 5-year terms. We expect these to be agreed within a few days and we can do the same for your business!

Clearly, the amount of business funding required, and the type of security available, will determine the type of loan. The most popular loan is, of course, an unsecured one which can be anything up to £350,000 and in all cases, the funder would require a personal guarantee.

We can also raise up to £1 million for you, where the funder takes a charge over the business’ assets in the form of a debenture. Funders will also consider a charge over an off-balance sheet portfolio of properties on a first or second charge ranking basis. Personal guarantees would still be required though.

If you’d like to find out more about business funding for your company then do give me a call on 01908 774320 and let’s see how Essendon and John Stubbs can help you.

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