Customer stories
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Powder coating company
Oct 2024

Refinancing a powder coating company's debt

LendingCrowd was happy to help when this long-established powder coating specialist was seeking a loan to support its working capital requirements and refinance existing debt elsewhere.

Amount
£81,750
Location
North East
Sector
Manufacturing & Engineering
Loan Purpose
Working capital
Powder coating company

The opportunity

This established and growing business provides powder coating services for a wide range of customers. It wanted a loan to support its working capital needs and free up cash flow by refinancing an existing facility it had taken on elsewhere.

Funding ambitions

We were introduced to this borrower by commercial finance brokerage Three Crowns Finance. Working together, we moved quickly to tailor a loan package that suited the client's needs and would enable it to pay off its existing debt while giving it the working capital boost it was seeking.

Working in partnership

LendingCrowd understands that partnerships have an important role to play in bridging the funding gap faced by so many SMEs. That’s why we’re pleased to have forged strong links with a growing community of commercial finance brokers and introducers.