£20,000 loan arranged for security firm
A provider of security services has secured a £20,000 loan to buy new equipment thanks to our team’s expertise.
Our client needed to purchase new equipment ahead of a new contract but, like many businesses, didn’t have the available cash required to fund the purchases outright.
Nine days after they contacted Hilton-Baird however, their new loan facility was in place and our client was able to draw down on the funds to make their purchase and fulfil their new contract.
The bigger picture
Providing manned guarding services, the security business was already benefiting from an existing cash flow facility that was in place before they contacted Hilton-Baird.
However, this facility didn’t provide enough headroom for the company to purchase the additional body cameras and CCTV equipment they needed to deliver their new contract, and it wasn’t possible to increase the amount of funding through their existing facility.
To complicate matters, the business had just concluded a Company Voluntary Arrangement which remained visible on the company’s records. This significantly reduced the number of funders able to support the business.
However, our team has thorough insight into our panel’s underwriting requirements and effectively introduced two suitable loan providers who were willing to assess the bigger picture and provide the cash injection our client urgently required.
With our team’s support throughout the process, the facility our client opted for was in place just nine days after we were initially contacted to the delight of their finance director.
To find out how we could add value to your funding search, our team of experts on 0800 9774833 or request a call back.