Loan €2.6m, €300k facility funding at 80%.

Business had run up revenue arrears of €200k due to cash flow pressures following significant growth in turnover. €250k of funding provided from the facility day one which was utilised to pay €125k lump sum to revenue to allow remain arrears balance to be structured over the following 18 months in a repayment plan. The remaining funding available from the facility will fund the projected growth of the business going forward.