Jul
16
Refinance of existing equipment supports future orders
Our client had secured future orders in excess of £700k but the funding required to manufacture the products meant a significant upfront cash requirement, which couldn't be met through cash flow.
Having discussed various options it was decided the best route was to leverage £100k from existing equipment for a period of 6 months. After signing up the facility the cash was with the client the following working day and key timescales were adhered to.
In addition to supporting the business with its future orders we also opened up the client to a form of funding they didn't realise existed and they will be looking for further support from us later in the year.