£60k loan secured to help an Exhibition & Event Company finance its refurbishment
- Full Cycle
- Mar 27, 2018
- 1 min read
MARKET
Public and Private sector
NATURE OF BUSINESS
Exhibitions, Hospitality and Marketing
FUNDING
60k loan over 5 years
LOAN PURPOSE
Office refurbishment including office furniture
What the company does
The company is a complete event partner, designing and producing exhibition stands, providing clients with project management, building and installation services throughout the UK & Europe. Services include floor plan production, eventplanning and management, venue and equipment logistics and on-site support. Additional services include:
Quality display systems
Equipment transport
Storage and maintenance
What the Finance was needed for:
The capital raised was used to fully refurbish the customer’s head office based in London. Therefurbishment included re-decoration, variouselectrical installations, new flooring, general building works and new high tech office furniture throughout.
How Number Eight helped
Initially, our customer enquired about funding the refurbishment using Asset Finance.
After careful consideration, it was agreed thatAsset Finance would not be the best-fit productin this case. Due to the types of assets and variousintangibles, the overall cost of finance proved tobe an expensive option. Therefore, a simple and unsecured business loan was recommended and provided within 4 working days.
Customer feedback
“First class service and thank you for securing our term loan for our upcoming office refit. Just four days from completion of application to receiving funds!!”
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