The business was looking for funding for a project planned to occur 12 to 18 months in the future.
The problem: Confidentiality was key and neither their advisors nor the business had any prior knowledge of the Factoring and Discounting market.
The solution: We were approached by the client’s accountant and quickly established the most efficient and value for money facility to meet the client’s needs. The business was well run and from experience we knew that lenders would be highly interested to offer their facilities. We controlled the process and the client was provided with an extremely competitive facility. Without our help the prospect would have been inundated with a minefield of differing offers. We were able to find them the most suitable lender and value for money facility. The value of the transaction was £1.5million. Additionally we sourced a non-recourse facility for the client which ensured that key account debtors were credit insured.