Desperate footballer bailed out by Alpha

A Premier League footballer, who only had 48 hours to scrape together £30,000, has been rescued by an asset-based lender.  

Alpha has helped a Premier League footballer who was in need of come fast cash, by securing a loan against his Land Rover and designer watch.

The loan was introduced after his football agent got in contact with Alpha to request a £55,000 loan needed within three days for cash flow purposes.

By looking at the agent’s assets, Alpha identified it could apply a first charge against an investment property. The agent’s exit was fees from the potential transfers he had lined up in the January 2014 transfer window.

After the successful loan made to the agent, he then recommended Alpha to one of the footballers he represented.

The footballer, who wished to remain anonymous, required £30,000, but this time within only two days.

Alpha elected to take security over a Range Rover Vogue and limited edition Audemars Piguet Watch. Due to the car being clear of finance the deal was straightforward to complete.

At an LTV of 65 per cent, with the car and watch safely in storage, the contract was signed and the funds were released within 48 hours of the first meeting.

Alpha make secured loans against personal assets such as cars, jewellery and watches as well as property, and seek to help small businesses and individuals. It will consider loans of up to £1 million.