We helped this customer with a revolving facility

Opportunity:

The customer needed to pay for chemicals the same day or they couldn’t complete a contract from one of their clients who needed the processed chemicals within a few days. The order came unexpectedly and not wanting to let their new client down they called us for help.

Approach:

We went to the market and found the ideal funder within the space of an hour; the lender conducted their review within an hour and offered them the facility. The facility hit a snag due to trade factors owning the book debt debenture. The lender then decided to work with the existing lender to take a debenture over the stock the business held and left the existing debenture in with the existing lender over book debts. Due to timescales, they couldn’t get the facility in place in time due to this issue, however it gave one of the client’s investors to put the fund’s into the business temporarily knowing they would be repaid with the finance facility.

Solution:

The client was delighted and emailed to thank for the excellent service and this new trade facility which sits along side his invoice finance company means that business operations and cash flow are now sorted for the business, making things much easier and will allow them to scale the business Ten Fold!