Tailoring a funding solution to meet cashflow requirements
This company is an established business that specialises in the design and installation of water recycling and treatment systems.
They have previously used bank loans and overdrafts as a source of finance for cashflow requirements. After opening a second associated business overseas, they needed a tailored long-term solution that could provide ongoing support in the UK.
Industry broker, Sharon Cook at Choice Loans worked with the business to find a solution that could support their growth ambitions, and reached out to our Regional Director, Chris Mitcham who tailored a £175k Invoice Finance solution.
Chris explains “A tailored Working Capital Finance solution will provide the business with access to the liquidity it needs as it acquires new contracts. The flexibility and support that come with an Invoice Finance facility compared to a business loan for example will make sure the business is able to meet its ambitions moving forward.”
With the funding solution in place, the business is looking to grow by continuing to work with companies such as Google and Amazon, as well as expanding to new clients across the UK.
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