Edward & Sons Electrical
econd Mortgage – Low Doc Loan | $150,000
Project Background
Edward & Sons Electrical secured a large government infrastructure contract but needed to fund the upfront costs of materials, staffing, and equipment before receiving their first payment. Banks required extensive documentation and a waiting period, which would have caused the company to miss the project deadline.
A trade business needing upfront capital to execute a major government contract.
Objectives
The company needed immediate working capital to start the project and maintain steady cash flow until milestone payments were released by the government.
Key Features Delivered
Speedy approved a Low Doc second mortgage, securing funding against the company director’s property. The funds were released within days, enabling them to start work on the contract without financial strain.
Results
Edward & Sons Electrical successfully delivered the project on time, maintaining their strong reputation and securing future government contracts.
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