Car workshop caveat loan for paying off credit card debts
A car workshop company was grappling with severe cash flow problems, pushing its shareholder to use his personal credit card to pay off mounting debts owed to suppliers. The credit card carried an exorbitant interest rate of more than 20% per annum, leading to a snowballing debt crisis.
Recognizing the urgency of the situation, our team of financial experts stepped in through a loan broker. We advised the distressed client to opt for our caveat loan as a strategic solution to alleviate the company’s cash flow woes, steering clear of the burdensome personal credit card. Through a meticulous credit evaluation process, we leveraged the client’s property to structure a caveat loan tailored to the company’s needs.
With Tembusu’s unwavering commitment to our client’s best interests, we enabled the borrower to liberate themselves from the shackles of expensive credit card debt. Our expertise and extensive experience in financing ensured that the company secured the essential funding it required without any complications. Tembusu Financial Services stands as a beacon of hope, ready to assist businesses in their hour of need, always striving to propel them towards financial stability and success.