Flexible funding to support ongoing operations
The client, an established accounting and tax practice, needed funding to support its ongoing business needs. A business line of credit gave the practice the flexibility to draw funds only when required.
An evolving structure that did not suit a standard application
The practice’s commercial relationships and business structure were still developing, and the guarantee arrangements required careful handling. A standard application would not have reflected how the practice operates, putting approval at risk.
Building the structure around how the practice operates
Broc took the time to understand the practice’s operations, commercial relationships and the direction of its structure. Working closely with the client, we addressed each of the lender’s requirements and established a funding structure supported by a corporate guarantee.
We set out the process, documentation and expected timeline from the start, so the client knew what to expect at each stage.
$500K line of credit approved and available to draw
The $500K business line of credit was approved and made available. The practice now has flexible funding in place to support its operations and plan ahead with confidence.
