The case in brief
- Client: UK Resident & UK Citizen
- Loan type: Invoice Finance
- Loan Amount: £300,000
- Industry: Construction
Take a look at our page on invoice financing to see how we can assist, or simply get in touch with a broker today to discuss your case.
Our Client
Our existing client approached us to find a replacement on his existing invoice finance provider for his construction company. He needed a larger facility to accommodate for his growing business and wanted a simpler day-to-day management system. With the business having less than 12 months trading history and impaired credit history on one of the directors, options were slim.
Our Solution
We were able to secure a facility with a favourable lender who would start our client off with a £400k facility, and were happy to increase its size as the business grew. The ease of use of the facility also saved our client time, which solved both issues he was facing with his previous provider.
Due to our strong relationships with key lenders in the market, we understand what lenders look for. By showing the strength of the debtors and a forecast over the next year, in this case we got the lender comfortable in taking up this deal.