New short-term funding available for companies
Birmingham based The Ludgate Partnership Limited (TLP) may have the answer to raising short-term cash.
The Ludgate Hill firm who specialise in advising directors are offering companies funding lines against their payroll through their sister company Ludgate Business Finance Limited.
TLP will be handling all applications from enquiry stage through to completion, and will be dealing with both end users and professional introducers.
The facility is unique because it offers a way to obtain funding against a company payroll – and is available to creditworthy businesses of any size or sector.
This new category of funding allows businesses to accurately predict and reliably maintain positive cash flow throughout the year – and is very suitable for growth periods.
Martin Coyne, managing director of The Ludgate Partnership Limited commented, "This new facility really is a fantastic opportunity for companies to raise short term cash on a nine-week rolling credit facility – without personal guarantees or debentures.
The facility allows a company to fund up to two months of their payroll to assist with short-term cash requirements.
But best of all there are no hidden charges and the rates are calculated on a daily basis as opposed to monthly – and funds can be made available within one week from date of application.
I would urge all directors to review their short-term cash requirements over the Christmas period and think very seriously about this new facility."
Additional information is available by contacting Richard Mason at Ludgate Business Finance Limited on 0845 071 0854.