Software Provider - UK wide
£500k refinance
Due to adverse trading circumstances, their company was unable to service the current level of bank borrowing. At the request of both the lender and the borrower, Alderburn Finance was requested to assist the company refinance at a lower level of debt.
The outcome brokered by Alderburn Finance was the company refinanced £500k of their existing £900k loan and the incumbent bank agreed to write-off the remaining £400k. This allowed the company to continue to trade on a profitable basis.
Property Business - Scotland wide
£2.6m refinance
Due to adverse trading circumstances, the company was unable to service the current level of bank borrowing. At the request of both the lender and the borrower, Alderburn Finance was requested to assist the company refinance at a lower level of debt.
The outcome was the company refinancing £2.6m of their existing £3.4m loan and the incumbent bank agreeing to write-off the remaining £800k. This allowed the company to continue to trade on a profitable basis.
