Short-term Finance

PROBLEM:

A growing software developer desperately needed short-term finance to develop an integrated business management system for the housing retrofit industry ahead of an EU grant award when Essendon stepped in to bridge the gap.

SOLUTION:

  • Immediately provided a bridging loan of £80,000 working capital.
  • Provided the business know-how and industry knowledge that only time and experience brings to help identify the opportunities and exploit the synergies that will enable this young venture to realise its potential.

OUTCOME:

Today, Essendon is so impressed by this team and its exciting potential that we have elected to remain as shareholders in the business, working with the management team to increase its exposure in the market place and build further growth.

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