[et_pb_section fb_built=”1″ _builder_version=”4.0.5″][et_pb_row _builder_version=”4.0.5″][et_pb_column type=”4_4″ _builder_version=”4.0.5″][et_pb_text _builder_version=”4.0.5″ hover_enabled=”0″]While banks can be an appealing mainstream source for acquiring funding, they also have their drawbacks, with many proving more expensive and less reliable than smaller providers.[\/et_pb_text][et_pb_text _builder_version=”4.2.2″ hover_enabled=”0″]<\/p>\n
We were recently approached by a client who discovered this for themselves. They had been let down by a major bank, who had withdrawn the construction company\u2019s overdraft<\/a>, leaving them without the means to pay their staff and complete the job at hand.<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.0.5″]After arranging a valuation of the half-finished houses that the company had been working on, our brokers were able to source \u00a345,000 in finance which allowed the company to keep their cashflow steady and ensure their employees wages were paid on time. In addition to this, we also arranged development finance which enabled the clients to get back on course and complete the build.[\/et_pb_text][et_pb_text _builder_version=”4.0.5″]<\/p>\n