Building good relationships
The importance of the relationship between a business and its funding partner cannot be overstated. In many instances it can be just as important as the funding itself.
So when this relationship breaks down beyond repair, it is important for the business to act quickly to find a replacement facility and service that’s better aligned with their requirements and expectations.
Our client, a recruitment specialist, supplies quality teaching staff to schools and nurseries.
Trading since 2012, they had been using an invoice finance facility to bridge the cash flow gap between providing their services and being paid. While they were happy with the support invoice finance was providing, a breakdown in relationship with their funder meant they needed the help of a broker to quickly source a new facility.
Hilton-Baird listened to the needs of the business and introduced the client to a shortlist of suitable funding providers who could meet the company’s requirements. The client opted for a simple single-fee recourse factoring facility, which also provided additional funding to give the business extra working capital for the summer months.
Equipped with their new funding arrangement the business can now concentrate on their day-to-day activity without worrying about their cash flow, and benefiting from a much stronger relationship with their new funding partner.
Their business owner said: “Hilton-Baird were friendly, prompt, understanding and very helpful. Everything you could want from a commercial finance broker.”
To see if Hilton-Baird Financial Solutions could help your business find a facility that is more suited to your requirements, contact our team today on 0800 9774833 or info@hiltonbaird.co.uk. Alternatively, get a quick quote now to see how much you might be able to access through recourse factoring.
