We helped organise a trade finance loan for this business.
This business was seeking an increase in finance to enable a more efficient method of purchasing products, which were mainly against confirmed orders. Their bankers could not assist.
Bathgate discussed both trade finance and unsecured loans. In view of expected usage and also potential further growth, the client’s preference was a pre-sales facility.
Bathgate introduced the client to two funders in this market place and a facility was put in a place quickly, catering for their specific requirements.