Expanding with ease
A commercial printing business was able to expand their company and take on some prestigious contracts thanks to a £100k non-recourse factoring facility, secured with the help of Hilton-Baird Financial Solutions.
The relatively young company had gone from strength to strength without external funding. But when a large new contract with a well-known holiday group started to stretch their cash flow, the directors began looking for an invoice finance facility to boost working capital and help them pay suppliers for materials ahead of being paid by their clients.
Their new-start status made sourcing appropriate funding a real challenge for them until they were referred to us. Thanks to our unrivalled experience sourcing funding solutions for businesses of all sizes, we were able to recommend a selection of lenders that could help fund the business.
After assessing the available options, our client chose a facility which offered them the most flexibility at the best rate.
Now, with a factoring facility in place that will grow with them, the company is able to pursue an accelerated expansion strategy by taking on more business without worrying about their cash flow.
The business hopes to grow further and move into larger premises in the near future.
If you’re looking for funding to help take on new contracts, we could help. Contact us today on 0800 9774833 to speak to one of our funding consultants about your requirements. Alternatively, get a quick quote to see how much your business could access through factoring.
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