Recycling company debt resolution

Debt consolidation:

Term: 5 years
Amount: £115,000
Feature: secured upon director's home

A recycling company had been presented with a winding-up petition by HMRC and needed to secure funding fast.

Outcome

Accredo provided a £115,000 commercial loan over 60 months to repay the debt secured upon the director's home.

Related frequently asked questions

How long does it take to release funds to the customer?

Once all conditions have been satisfied and we have completed our final checks, we will release the funds and they will be in the customer's bank account within 24 hours.

Our Products

Short term business loans

Our short term facilities have a transparent payment profile of anything from 3 - 18 months allowing your clients to free up cash flow to run their business.

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Long term business loans

Our longer term facilities are available for periods of 5 to 10 years.

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Secured equipment leasing

Purchasing equipment outright often requires a significant investment. Accredo provides secured equipment leasing options for most asset types including second hand equipment as well as leases for intangible assets such as software.

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Our process

We work through a network of brokers who understand their clients’ needs and are often frustrated by the lack of bank support. They work with us to put in place the right product for each client. Our underwriting decisions are made by people, not computer programs, so we consider risk and security in the widest sense, seeing the true value of a borrower’s proposal. 

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Our products

We provide secured business loans from £25,000 to £1,000,000 specialising in solutions for new-starts, difficult credits and established companies. We lend against residential, commercial, mixed-use and buy-to-let property. 

We aim to give decisions in under three working hours. Our repayment terms are from 3 months to 10 years. And we offer fixed repayments or flexible terms such as seasonal payments, payment holidays and interest-only.

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Frequently asked questions