Tendering for new contracts
Indoor Karting Track
Debt Consolidation
Clear Business Finance helps a indoor karting track to consolidate existing borrowings reducing monthly outgoings by as much as 30%.
The Challenge
Over the years this UK based Indoor Karting Track, offering a range of race programs consisting of endurance & grand prix events, had utilised finance through their normal banking lines to acquire numerous go-karts and fuel their initial set-up.
However, with changing appetite amongst lenders their bank would no longer facilitate additional funds, furthermore this business owner wondered if better terms on their existing financial commitments could now be secured elsewhere with several years of trading behind them. Nevertheless, without the time nor expertise to evaluate the vast range of UK providers, they were reaching a dead end.
Key Facts
Amount Financed
£135,000
Product
Business Loans, Unsecured
Location
Manchester
Speed of approval
72 hours
The Results
At Clear Business Finance we worked closely alongside our client understanding their unique goals and thereafter we put together a tailored funding proposal. The proposed solution would not only consolidate multiple avenues of existing debt (reducing our clients’ monthly outgoings by as much as 30%) but also raise additional working capital to support planned track upgrades.
Within a matter of days, we had compared over 60 of the UK's leading lenders and had secured a credit acceptance for £135,000. The speed of our service not only allow our client to focus on their day-to-day operation but also quickly provided them with greater peace of mind that they had now secured a highly competitive solution. Finally, we ensured the facility also contained early settlement options that would offer continued flexibility as our client resumed their expansion.
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Success Stories
What are your ambitions and how can your business achieve them? Here are a few recent examples of how companies like yours are fuelling their growth plans with the right financial support.
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£81,525
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Term
4 Years
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£250,000
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3 Years
Reason for loan
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Key Benefits
Leading Terms & VAT Deferrals
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Approved Facility
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Facility
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Available funds
within 24 hours
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Amount Finance
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Term
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Amount Financed
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£550,000
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Amount Advanced
£190,000
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Available funds
within 24 hours
Client
A leading tooling retailer