Talento are a recruitment company, based in Liverpool, who were looking for a start up loan. They needed some assistance to take them through the process set out by the Start Up Loans Company. The Finance Hub team were here to help.
George took the Talento team through the standard Start Up Loans process, including a credit check, as well as other business and personal reviews. George was able to explain each stage and why each document was necessary.
Talento submitted their cash flow forecast and business plan to the Finance Hub. The forecasts were for a 3 year period and had been created for a previous business need.
The Start Up Loans Company require a 12 month cash flow, so George extracted the information he needed and created a revised forecast, adapting it to include additional information, such as the Start Up Loans repayment costs.
With the help provided by the Finance Hub, Talento were able to secure the loan they needed to assist with the business start-up costs including securing premises, investing in IT and staff.