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Wood-chipping business - Invoice Finance

Sector: Transport | Value: £250,000
Equipment type: Wood chipping | Term: Revolving

We arranged an invoice finance and cash flow facilities to enable an existing transport business to expand into wood chipping to fulfill customer requests.

Problem:

This transport client wished to expand into wood chipping but had little capital to introduce to finance this proposed growth.

Approach:

We took time to understand the client's business and recognised that prospective wood chipping customers had given written confirmation that they wishes to use the client's services. Using that knowledge, we identified the most appropriate financing solutions.

Solution:

An invoice finance facility was arranged together with a cash flow loan. The use of both those facilities would give the client the funding to, not only, purchase the wood chipping equipment and also working capital to finance its sales growth.