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IT & Telecoms Company in North Wales - Commercial Loan

Sector: IT | Value: £175,000
Equipment type: N/A | Term: 24 months

We arranged a commercial loan for an IT and telecoms business to boost its cash flow.

Problem:

The client's recent trading figures and cash flow had been adversely affected by significant expenditure incurred in developing new products.

Approach:

We met the client to fully understand the business and its needs. We then explained the options available and submitted a proposal to the preferred funder.

Solution:

The business owner's background and the business's balance sheet strength helped us to source a cash flow loan. We were able  to complete the deal from enquiry to drawdown in 6 working days.

Our approach has resulted in the client seeking additional guidance from us regards replacing their existing invoice finance facility.