A perfect candidate for CBILS, Teal Engineering Services had a cash requirement in order to safeguard cash flow and to help with the purchase of various machines due to a reduction in cash flow during the lockdown period.
After receiving financials, we were in a position to propose the deal to our CBILS funder and received an acceptance within 3 days. Gaynor was delighted with the offer and £100k in funds were drawn down that same week. Gaynor was delighted that through this CBILS loan she was not only able to safeguard their cash position and expand by purchasing 3 new machines (a guillotine, press machine and pipe bender) but they were also able to pay for an extension to the workshop to host these new machines.
What The Client Said
“The overall service from Jack at Breadalbane Finance was extremely straightforward, outstanding and will be my first port-of-call whenever I next require finance.”
Teal Engineering Services