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Vehicle parts - Invoice Finance

Sector: Manufacturing | Value: £270,000
Equipment type: N/A | Term: Revolving

Client required a more flexible invoice finance facility to suit its ongoing business needs

Opportunity:

Client was unhappy with its existing invoice finance facility - promises made at the time the facility was arranged were not being delivered.

 

Approach:

We met the client to understand the issues with the existing funder and to establish key requirements for a replacement invoice finance facility. The client’s preferred choice of funder was not able to obtain approval and the client had given a termination notice to its existing funder.

 

Solution:

We had already identified a back up funder. That funder was able to step in at the last minute, meet the client’s needs and arrange transfer of facilities- all within the required timescales.