Traditional values : Modern solutions

Visit us on Facebook
Visit us on Facebook
 
Visit us on LinkedIn
Visit us on LinkedIn
 
Visit us on Twitter
Visit us on Twitter

Marine Supply & Support Business on Merseyside - Invoice Finance

Sector: Marine | Value: £200,000
Equipment type: N/A | Term: Revolving

We arranged an invoice finance facility for a marine supply and support company that required additional finance to take advantage of significant new business opportunities.

Problem

The client required additional finance to fund significant growth opportunities. Historic accounts did not support increased debt service commitments at this time.

Approach

We met the client to review options available. We discussed with the client the key benefits of invoice finance, to release additonal cash from existing assets. The client agreed to this route forward.  

As the proposal was time critical, we were very proactive in the prompt completion of security documentation by existing debenture holders. This facilitated the swift availability of the additional finance to the client.

Solution

Following our introduction of an invoice finance funder, all parties working together and the facility commenced within 6 working days of the deal being referred to us.