Bathgate helped a health & safety company who was experiencing strains on their cash-flow.
The business turnover had increased significantly over the last few years. This had placed some strain on cash-flow, due to the value of sales invoices outstanding.
Whilst invoice finance could have been a solution, due to the type of business and payment terms this was not considered the best option. Our client did not need a high proportion of funding compared to their debtors and a loan with the option to repay was considered more appropriate.
Bathgate have an extensive list of funders who could offer such a facility and 1-year loan was agreed and drawn within three days of meeting the client.