Success Stories

Beauty product wholesaler secures spot factoring facility to support its activities

Beauty product wholesaler secures spot factoring facility to support its activities

A London-based wholesaler of beauty products has secured a spot factoring facility of £80,000 to allow them to accept larger orders and underpin their business and future growth.

After finding that cash flow was becoming a barrier to fulfilling new and larger orders, the company reached out to Hilton-Baird in order to secure a suitable lender.

Our client was new to commercial finance and unsure about how different funding methods work and their pros and cons. We assessed their needs and identified a variety of potential options before we explored each option with them, leading to them deciding on a spot factoring facility which meets their requirements.

Unsure of options

Having been operating since 2015, our client was looking for funding that would improve their cash flow and allow them to move from placing small monthly orders with their suppliers to larger quarterly orders. This would allow them to streamline their purchase process but also benefit from savings which could be gained through bulk orders.

Our client was initially nervous about taking on a new finance facility, simply due to a lack of prior experience, so insight on how such facilities would work, what the requirements would be on them, how user-friendly the systems would be and of course the duration of contract were key considerations as we explored their options.

They also hoped to avoid having to provide a personal guarantee in order to secure funding.

Hilton-Baird were pleased to assist throughout the process, helping our client gain the necessary insight and information needed to overcome their concerns.

With the benefit of increased insight, our client was happy that a spot factoring facility would meet their needs – releasing funding against selected invoices as required – and were able to avoid the need for a personal guarantee too.

Since securing the £80,000 facility, our client’s company has been able to invest in itself and fulfil larger orders, which is key, especially in such unprecedented times.

To find out whether your business could benefit from a funding facility, call our team of experts on 0800 9774833 or request a call back today.

Some of the funders we work with

  • Partnership Invoice Finance
  • Peak Cashflow
  • Gener8 Finance
  • InvoCap
  • ABN AMRO Commercial Finance
  • Asset Advantage
  • Davenham Asset Finance
  • Skipton Business Finance
  • Haydock Finance Ltd
  • Berkeley Trade Finance Ltd
  • Shawbrook Business Credit
  • PNC Business Credit
  • Bibby Financial Services
  • 1pm
  • Calverton Finance
  • Metro Bank SME Finance
  • inFund
  • Positive Cashflow Finance
  • Creative Capital
  • Pulse Cashflow Finance
  • Team Factors
  • Regency Factors
  • Investec
  • Merchant Money
  • Catalyst Finance
  • Trade Finance Partners
  • Boost Capital
  • Lloyds Bank Commercial Finance
  • Woodsford Tradebridge
  • Aldermore Invoice Finance
  • Giant
  • 4Syte
  • Close Brothers Invoice Finance
  • iwoca
  • Secure Trust Bank
  • Sonovate
  • Nucleus Commercial Finance
  • Roma Finance
  • Leumi ABL
  • Ultimate Finance Group
  • Barclays
  • Santander Corporate & Commercial
  • IGF Invoice Finance
  • Royal Bank of Scotland
  • Davenham Trade Finance
  • MarketFinance

Authorised and regulated by the Financial Conduct Authority (FCA number 730445)
We are a credit broker and not a lender and offer credit facilities from a panel of lenders

Our website uses cookies. For more information about managing cookies, visit our Privacy and Cookie Policy. Continue