New funding supports wholesale company’s expansion
A wholesale business has secured £150,000 in new funding to support its expansion with the help of Hilton-Baird Financial Solutions.
Our new client, a company that specialises in personal care products, was self-funded since its launch almost a decade ago.
After a period of sustained growth and success, however, it became clear that external funding would be needed for the business to keep up with increased demand.
Importing goods from Europe in particular was tying up working capital for long periods, and a solution was needed to keep cash flowing.
“The perfect solution”
After being introduced to our team by another lender, who were unable to assist, we assessed the business’s needs and identified a variety of potential options for our client.
After exploring each option with them, they chose the funder which they felt had the best approach and offered the most flexibility to support their growing business.
Their new trade finance and invoice finance facilities provide access to £150,000, enabling the business to bridge the cash flow gap between purchasing goods and receiving payment from customers.
The client now has the cash flow and confidence to focus on expanding their business and diversifying into the production of their own brand of products.
Commenting in our Satisfaction Survey, their CEO said: “Hilton-Baird Financial Solutions found the perfect solution for our business. Thank you Neil for your effort and support. You are a star!”
To explore the options available to your business, or to compare any existing facilities against the wider market, contact our team on 0800 9774833 or request a call back.
