Success Stories

Hilton-Baird helps wholesaler secure CBILS loa

Hilton-Baird helps wholesaler secure CBILS loan plus £2.5m funding facility

A wholesaler of fresh produce has secured a more suitable funding facility after working with Hilton-Baird Financial Solutions to identify the right match.

Our client decided to move away from their existing funder in 2020, after becoming concerned that the facility was no longer meeting their evolving needs. They were also keen to explore a loan through the Coronavirus Business Interruption Loan Scheme (CBILS), to help mitigate the impact of the pandemic.

Hilton-Baird assisted them in securing a new £2.5 million confidential invoice discounting facility as well as an additional £250,000 loan through the CBILS.

Adjusting to the pandemic

For our client, the Covid-19 pandemic has caused some disruption to their sales as they lost customers in the hospitality industry. However, an increase in contracts from supermarkets, both due to increased demand during lockdown and from a pre-planned sales increase, had helped to reduce the impact.

This disruption meant they were keen to take advantage of the extra cash flow support offered through the government scheme, but recognised these measures could not offer long-term support and their concerns were growing around their existing funder. They felt that they were not being afforded the level of support they needed and that the facility would not be able to grow with them.

Prior to engaging with Hilton-Baird, our client had previous communication with our expert team, so engaged with us for our support in securing a package to include a £2.5m confidential invoice discounting facility and a £250K CBILS loan, replacing their existing facility for an improved solution and boosting working capital significantly.

By introducing the most suitable funders, our client chose the facility they felt was best suited to both their short and long-term needs.

If you and your business might benefit from the peace of mind the right mix of facilities can give and would like to explore your options, we’d love to help! Feel free to call us on 0800 9774833 or request a call back.

Some of the funders we work with

  • Close Brothers Invoice Finance
  • Creative Capital
  • IGF Invoice Finance
  • Lloyds Bank Commercial Finance
  • Santander Corporate & Commercial
  • Boost Capital
  • Pulse Cashflow Finance
  • Davenham Asset Finance
  • Tradeplus24
  • Sonovate
  • Team Factors
  • Regency Factors
  • Davenham Trade Finance
  • Skipton Business Finance
  • Leumi ABL
  • Metro Bank SME Finance
  • FIBR Tech Limited
  • Berkeley Trade Finance Ltd
  • Investec
  • Blazehill Capital
  • Giant
  • Praetura Invoice Finance
  • MarketFinance
  • Barclays
  • Time Finance
  • Peak Cashflow
  • Asset Advantage
  • MaxCap
  • Partnership Invoice Finance
  • inFund
  • Woodsford Tradebridge
  • Merchant Money
  • iwoca
  • Nucleus Commercial Finance
  • Royal Bank of Scotland
  • 4Syte
  • Ultimate Finance Group
  • Accelerated Payments
  • PNC Business Credit
  • Trade Finance Partners
  • Castlebridge
  • Secure Trust Bank
  • Roma Finance
  • Selina Finance
  • Bibby Financial Services
  • Haydock Finance Ltd
  • ABN AMRO Commercial Finance
  • Optimum Finance
  • Clear Factor
  • Nationwide Finance
  • InvoCap
  • Shawbrook Business Credit
  • Aldermore Invoice Finance

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

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