Compare ^{Insolvency Finance} For 850k Funding Needs

Administration Funding is suitable for businesses working with a professional insolvency practitioner during a formal administration process. This funding covers operational costs, supports a potential restructure, and is commonly used in sectors like retail and hospitality. Interest rates range from 15% to 30% APR with decisions usually within 1 to 2 weeks. The process involves presenting the case through your insolvency practitioner to specialist lenders.

Pre-pack Finance is used to facilitate the seamless sale of business assets ahead of administration and support quick operational restart. Suitable for businesses with a viable future model, it involves coordinated efforts between the insolvency practitioner, borrowing company, and lender. Terms are generally 3 to 12 months, with rates from 20% to 35% APR and funding decisions in 2 to 4 weeks. This finance aids rapid restructuring and job preservation.

CVA Financing is for companies that have a CVA proposal in place and can demonstrate potential future profitability. The funding stabilises operations and maintains supplier relationships while debts are repaid under the arrangement. Interest rates are between 10% and 25% APR, with lender decisions typically taking 3 to 6 weeks. Finance applications are prepared with support from insolvency practitioners and presented to lenders.