Marine ship chandelling company has been in the business for more than 20 years with an annual sales turn over of almost S$20m. Due to company reorganization and expansion, they required funding for growth. Many bankers and consultants approached them but none could provide them a satisfying interest rate and quantum. The standard market terms and conditions prove unattractive to this company also.
Bankchamps came in and secured a lower than bank’s normal interest rates for the company and helped them to secure more than S$1m cash term loan within a short time of 30 days.