We arranged an invoice finance facility for a marine supply and support company that required additional finance to take advantage of significant new business opportunities.
The client required additional finance to fund significant growth opportunities. Historic accounts did not support increased debt service commitments at this time.
We met the client to review the options available. We discussed with the client the key benefits of invoice finance, to release additional cash from existing assets. The client agreed to this route forward.
As the proposal was time critical, we were very proactive in the prompt completion of security documentation by existing debenture holders. This facilitated the swift availability of additional finance to the client.
Following our introduction of an invoice finance funder, all parties working together and the facility commenced within 6 working days of the deal being referred to us.