We are delighted to be launching a partnership with FTSE 250 construction company SIG plc, a leading distributor of specialist building products in Europe, to support SMEs in the construction sector and ensure that a lack of funds is a thing of the past.
Many SMEs struggle at different stages of their development with cashflow - and indeed 73% of them find applying for additional funds a ‘long and painful’ process.
Our partnership will see SIG customers offered a discounted rate on our Cash Advance. The businesses will be able to use a bespoke portal where they can apply for a loan and, while bank business loans can take months to come through, SIG customers could receive a decision in seconds and funding within a matter of minutes.
Our Cash Advance is a super quick short-term loan, repayable in 1-3 months. It is ideal for topping up funds or managing short term cashflow issues which, as any business knows, can often occur at the least opportune time.
It’s just another example of our determination to provide good funding solutions to businesses that need it. We understand that cashflow issues can arise for even the most financially astute companies and can have a disastrous impact if problems hit at the wrong time.
Our partnership is designed as a safety net for when such issues arise and threaten to derail a business’ momentum in its tracks. When the worst-case scenario strikes – whether it’s late payments or urgent upscaling – the rapid nature of the Cash Advance loan will ensure SIG customers retain their financial stability even during the most testing of times.
We are delighted to be partnering with an organisation of SIG’s calibre and hope that the initiative will prove a great success.