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.

The company’s director said: “We are pleased that we made the decision to reach out to Hilton-Baird and with the end result we have achieved.

“Our new funder has been proactive in ensuring that we had the right package in place and worked with us to minimise the impact of moving away from historic rates to a new structure that gives us additional access to funds and provides a better return on our investment.

“We are feeling more confident now that this funding will allow us to continue with our expansion, despite the challenges of the pandemic.”

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

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

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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