Some nifty teamwork by Goodman HQ and our friends at Accapita accountants and business advisors helped an online wholesaler enjoy a fantastic start to 2018, after we secured them a £100k loan within just four hours on the day before the Christmas break.
Rakesh Sonigra, partner at Accapita explained: “Our client had been speaking to their bank for six or seven weeks but at the last minute the money didn’t come through. It was a bit of a shock because, while the client needed a contingency to support them through the expected slow period for online sales over the holidays, they do have a strong underlying business.
We approached Goodman because, from our experience, they have the ability to respond quickly and the flexibility to find the right solution. We’re always upfront with our clients and we want the people we work with to also provide that service. Goodman fit that to a tee, as they are open, honest and let us know if anything isn’t realistic so we don’t waste any time.
Rakesh Sonigra, Partner, Accapita
They work with the whole of the market, so they’re in a much better position to find the right lender than either we or our client would be, and it’s such an easy process to work with them.
Accapita initially spoke to our sales director, Stefan Radymski, to explain their client’s needs and confirm exactly what was needed. They already had most of their client’s financial information and management accounts to hand so it was quick and easy for them to provide the details required for the paperwork.
“From Goodman’s initial request for information through the application for a loan and acceptance of the deal, to the money landing in the client’s bank account was literally around four hours,” said Rakesh.
Stefan added, With such a wide pool of lenders to approach, including up and coming challengers to the traditional banks, we were able to arrange a loan that met all the needs of the client, and even offered them more flexibility than they’d been expecting. And by using a Fintech lender where everything is done online, it was all achieved with minimal fuss in just a few hours.
Stefan Radymski, Sales Director, Goodman Corporate
“With our extensive market experience and panel of more than 220 lenders, we were confident from the start that we could arrange the funding and get everyone into the Christmas break without the worry hanging over them
We are delighted that we were able to help this client secure a last minute loan and start 2018 smiling.