Case Studies
€750K Bridging Finance – Crucial Cashflow for SME
The bridging finance was a life-saver, and Clancy arranged it super fast – within 4 weeks.
The Outcome
- €750K bridging facility secured against property
- Funding in place within four weeks
- Legal and arbitration costs funded
- Specialist funder secured when bank unable to assist
- Business able to pursue the contractual dispute
- Dispute subsequently settled for €3.5M+
1.
Summary
This established engineering company ran into difficulty on a sizeable contract when the customer disputed the final invoice.
The business needed funding to meet substantial anticipated legal and arbitration costs, and required a solution that could be put in place quickly.
2.
Challenge
The funding requirement was outside the scope of the company’s existing banking arrangements.
With significant legal and arbitration costs arising, the business needed to access cash without putting further pressure on its trading cashflow.
3.
Approach
Working in collaboration with the client’s accountant, CBF assessed the available funding options and identified the owner’s investment property as a source of security.
We introduced a specialist funder prepared to lend against the property and arranged a €750K bridging facility.
The facility was put in place within four weeks, with the funds invested into the business to meet the legal and arbitration costs.
