A client recently approached Tenn seeking assistance with increasing their existing 2-year facility by an additional £1 million. The loan was intended to raise business capital, helping the client achieve their strategic objectives. The client expressed satisfaction with the facility’s performance to date, as it had met their expectations since the drawdown.
Tenn conducted a comprehensive review of the client’s financials and determined that additional funds would be possible.
Advancing further funds would increase the overall maximum LTV to 45%. This would provide the client with more flexibility in executing their business plan. Tenn’s team of experts worked closely with the client to ensure the process was seamless and met the client’s expectations.