Inspired Lending has provided a £260k revolving credit facility (RCF) for an Oxfordshire IT consulting business, helping the company access flexible working capital while reducing its cost of borrowing.

The 24-month RCF secured by a third-party second-charge over the shareholder’s residential property, provides the flexibility to draw down and repay funds as required throughout the term of the loan.

The structure allows the business to access liquidity only when needed, reducing financing costs while avoiding the need to arrange new borrowing each time additional funds are required.

Read full article