Generating working capital
Despite the recession being in full flow at the start of 2009, with businesses of all sizes feeling the strain, our client took the bold decision to start up his own firm.
The business provides a one-stop solution for clients’ printing needs to deliver overall cost savings through sourcing the most efficient and cost effective resources for each specific project.
As business began to increase for the newly established company, the owner found himself spending one day a week entirely focusing on the accounts and administrative side, limiting the time he could devote to the core business activity.
Furthermore, after the first 10 months of trading, the interest free period of the credit cards he had used to start the business was coming to an end, and he got the impression from his bank that his business was too small and they were not able to offer the flexibility required with regards to funding going forward.
Therefore, our client began exploring alternative funding methods to find a solution to ease his cash flow concerns and allow him to concentrate on expanding his business.
He visited Hilton-Baird’s website to find out more about the funding options available and Hilton-Baird subsequently got in touch. After discussing the business’s individual needs, the entrepreneur met with two appropriate funders identified by Hilton-Baird and decided that the proposed factoring facilities would offer the solution he required in terms of funding, credit management and service.
If you’re interested in generating working capital Hilton-Baird Financial Solutions could help. Call us today on 0800 9774833 or email info@hiltonbaird.co.uk to speak to one of our funding consultants. Alternatively, get a quick quote to see how much funding your business could access with factoring.
