Together and Synergy Commercial Finance have partnered to help a client pay an HMRC tax bill of £2.5m.
The customer had four weeks to pay the bill to avoid any further costs, so Synergy Commercial approached Together with the complex case.
Together and Synergy Commercial were able to arrange the £2.5m commercial bridging loan, which was completed against seven different commercial assets.
Kara Williams (pictured), regional account manager at Together, said: “This customer came to us with an urgent deadline to pay of a hefty £2.5m bill.
“Many other lenders would have been deterred by the quick turnaround needed on the application, as well as the large sum needed.
“We were able to offer the full funds needed for the customer to pay the bill on time by securing the loan across seven commercial assets, meaning they were able to avoid any further costs or action from HMRC.”
Piotr Twaits, managing director at Synergy Commercial Finance, added: “This customer came to us via one of our introducers and had an urgent deadline to meet their HMRC requirement.
“Based on our experience, we knew that Together would be the ideal funder for this deal both in terms of credit appetite and turnaround.
“They were able to offer the full funds needed for the customer to pay the bill on time, meaning they were able to avoid any further costs or action from HMRC.”
