Loan Amount: $5,000,000
This business was referred to York Finance after they mentioned that their Bank was putting uneccessary pressure on them. A recent operational issue had constrained their cash flow.
Using the business’s commercial property as security, York Finance found a more supportive Bank for the client and negotiated the refinance of their Commercial Loan with a 31 basis point (bps) reduction in the interest rate.
End result: A great reduction in stress for the business and more than $23,500 in interest expenses saved each year.