Invoice Finance under CBILS Scheme for a Manufacturing Business

Opportunity:

Client was operating in a buoyant market, but due to the national pandemic larger projects were put on hold and staff were furloughed.

Approach:

Bathgate were asked to assist in sourcing additional finance and both loans and invoice finance options were investigated.

Solution:

A mix of facilities were taken, comprising of a selected invoice finance facility with the client not incurring any fees in the first 12 months, and a loan with the client not charged interest in the initial 12 months and capital payments delayed until month 13. No personal guarantees were required.