Working Capital to support a large new contract

Opportunity:

This client required finance to provide working capital having been successful in securing a large new contract.

Approach:

Invoice finance was the obvious solution, however issues which needed to be overcome included client sector, customer concentration, and limited appetite for customer credit insurance due to their credit rating.

Solution:

Bathgate know the funders who operate in construction sector, there was also a need to explore the credit insurance market to ensure the required customer limit was agreed.