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The Challenge
An existing customer operating in the hospitality sector urgently needed a £10k business loan to support the launch of their new autumn menu.
Releasing a new menu was a great seasonal opportunity for them to boost sales and stay competitive, so timing was of the essence.
The Solution
PMD understood the urgency of securing the £10k business loan and were able to secure funding over a 12 month term, aligning with the customer’s forecast to see a return in the first month of the launch.
Abbie Bailey, Business Development Manager, used her knowledge of PMD’s lending panel and was able to get the approval, documents signed and funds released, all within 24 hours.
The Result
The customer was thrilled with how quick and easy the process to secure the funding was and felt that the release of the new menu was less stressful than previous experiences.
This meant the business was able to launch their new menu without delay so they could take full advantage of the seasonal opportunity.
"I was glad I could arrange a facility so quickly, as I know how much the launch of the new menu meant to the customer. They were thrilled with how efficient and easy it was to secure the funding, and I was able to make the launch of the new menu less stressful!"