The Director of X LTD, needed help when he received an unexpected tax bill. He came to F4B asking us for a bridging loan to pay the bill until funds from a business transaction came through, then he could pay us back… One of our Introducers came to us as his clients had two investment properties and had recently received a corporate tax bill that they were unable to pay.
We arranged a bridging facility which was secured on both investment properties to raise funds for the tax bill to be settled.
The clients then sold one of the investment properties to pay off the bridging facility.