Geneva Finance has been thrown a lifeline by the Bank of Scotland which has agreed to renew its credit facility.
Last month, the bank told the finance company it would withdraw its $35 million funding line, but has since extended a $30 million credit facility until April 2015.
Geneva says it will now ask its debenture holders whether they can delay half their payments in line with the smaller loan.
This plan will require the approval of debenture holders, and a meeting will be held in the last week of March.
Debenture holders who have placed funds with Geneva since 28 April 2008 will not have any change to the terms of their investment.