€600k id facility funding at 85% prepayment

Deal also included refinancing of existing facility with 80% prepayment, thus releasing approx. €40k additional cash flow day one of the facility. €600k ABL secured against property owned by the company valued at €1m. €600k broken down to €400k term lend over 10 years and €200k revolving stocking line. Through our facilities the company were able to consolidate their banking facilities with one provider while at the same time providing the business with additional cash flow of over €200k when the facilities commenced.