Mortgage-backed working capital loan for starting new project
In the currently booming marine industry, where grabbing new projects often hinges on having funds to pay upfront costs, Tembusu Financial Services played a pivotal role in enabling one company to set sail toward success. Our client, a prominent player in the marine sector, specializes in the design and construction of vessels. With the industry experiencing a boom, the company sought additional capital to undertake new projects and capitalize on the prevailing market conditions.
However, their existing Mortgage-backed working capital loan lender was conservative and hesitant to increase the loan quantum, despite the company’s potential for growth. This is where Tembusu Financial Services stepped in. Leveraging our expertise, we re-evaluated the mortgaged property, revaluing it at a higher price. This revaluation allowed us to refinance the loan at a significantly higher quantum, empowering our client to confidently bid on new projects.
The quick turnaround time and attractive terms of our financing solution not only provided the company with the funding it urgently required but also bolstered their profitability and repayment capacity. This symbiotic partnership between Tembusu and the marine industry player exemplifies how our financial expertise can transform challenges into golden opportunities, ensuring that our clients seize the moment and navigate towards prosperity without hassle. At Tembusu Financial Services, we’re not just financiers; we’re your strategic partners in success.