A manufacturer of timber garden products came to us for help obtaining a loan.
Business turnover had increased significantly over the last few years. An invoice finance facility was in place, which provided funding against debtors, but business was seasonal and the peak stock requirements coincided with periods when the debtor book was at its lowest.
A cash-flow loan was provided, which helped finance the increased build up of raw materials and the higher levels of stock during winter months.
Bathgate have an extensive list of funders who could offer such a facility and a 6 month loan was agreed.