We were approached by a Junior with an aged debt of £230,000 and a tax bill of £53,000 to pay, his overdraft headroom was limited although he could have covered part of the revenue payment. Our Client wished to retain the flexibility of his overdraft for general day to day costs and contingency, and didn't want to apply for an increase in his bank facilities at the time. Compass approved the loan within 24 hours and the funds were transferred immediately. With a competitive fixed rate, short term unsecured tax loan, which allows the interest element of the loan to be offset against tax, Compass were able to provide an efficient and straightforward solution.