Cable Finance offers a fast and flexible service to Banks and Asset Based Lenders with customers they no longer wish to fund and would prefer to manage away. We recognize that a customer in difficulty absorbs considerable management time and resources, no matter the level of exposure.
Frequently customers will be transferred to a specialist internal team to manage the customer’s account. Often external accountants are engaged to carry out an Independent Business Review and the customer may remain within the specialist team for months; either returning to main banking, or alternatively entering a formal insolvency process.
Cable Finance can replace the incumbent funder, subject to a positive assessment of the underlying asset security.
Featured Case studies
£1.4m loan to assure the survival of the business after restructuring.
When: July 2007
Type: Steel Pressing Factory
£900k financial solution that preserved substantial value for all stakeholders.
When: October 2007
Type: Recruitment Company
Cable Finance can directly assist lenders in managing away customers, replacing the existing facility.