Key points
Tax payment due before expected receipts
Temporary gap between outgoing and incoming funds
Prestige vehicle provided as security
Background
Business Owner A was expecting incoming funds from clients but had a tax payment that needed to be met before those funds were due. The timing created a short-term funding requirement.
Solution
An £45,000 Asset-Backed Bridging facility was arranged against an eligible prestige vehicle. The funding provided access to capital during the temporary gap between the payment being due and the expected client receipts.
Outcome
Business Owner A used the value of an existing asset to bridge a short-term cash-flow gap while waiting for expected client payments.