“Never underestimate the value of the funder relationship”
Having the right funding facility in place can make a huge difference to businesses of all sizes, allowing them to keep cash flowing and take advantage of new opportunities as they arise.
By the same token, however, a restrictive facility that fails to offer the right level of service and support can be detrimental.
Realising that their existing facility was doing more harm than good, Harvey Jacob, a recruitment agency based in Hampshire, contacted Hilton-Baird Financial Solutions to find out if there was something more suitable available.
A friend at another recruitment agency had recommended Hilton-Baird Financial Solutions to Simon Cross, the Managing Director, as he was looking to bring his back office function in-house and release funding against the value of the company’s invoices, whilst also retaining the credit control function in-house.
We took the time to understand the company’s key requirements and the importance of finding a funder that would deliver a strong relationship. In consultation, we arrived at the conclusion that confidential invoice discounting represented the best option and introduced Mr Cross to the three most appropriate funders.
Whilst all three options ticked many boxes, after meeting with them Mr Cross chose the funder he felt most comfortable with, and we’re pleased to hear that the facility is working well.
“Our new facility has been really positive,” explained Mr Cross.
“Having access to the level of funding we require has given us the confidence to really push on, and we’ve become more profitable as a result.
“You can never underestimate the value of the funder relationship when it comes to your business funding, and I’m pleased to say we’ve found two great ones in our new funder and the team at Hilton-Baird, who were nothing short of superb.”
If your funding facility or lender is falling short of your expectations, contact our team on 0800 9774833 or request a call back to find the right solution for your business.
