Raising business finance
Despite the economy working its way out of recession, the road to this point has not been the smoothest of rides as discovered by our client.
The haulage company has been successfully transporting stone between quarries for 28 years. However, like a large number of businesses in the haulage and distribution sector, the director and his team were hit hard by the economic challenges posed by the recession.
After two difficult years our client became increasingly unhappy with his funding solution as it was very restrictive, limiting access to working capital and placing further strain on the business.
It was clear a change was needed so the business made contact with Hilton-Baird Financial Solutions to discuss their needs.
Initially the client had contacted Hilton-Baird for guidance on obtaining potential government funding. However, upon discussing the business in further detail, it transpired this was not the most suitable course of action for easing the business’s cash flow worries. Hilton-Baird identified three suitable funders considered to be the most appropriate to put together a facility to suit their individual business needs.
That facility came in the form of factoring and, from those identified by Hilton-Baird, the company chose the provider they felt were the best fit in terms of business culture, funding levels and flexibility.
The funding was put in place quickly and efficiently and immediately assisted in alleviating the day to day cash flow pressures the business was facing, enabling the company to go back to focusing on delivering great service to their clients.
To see if we could help your business raise business finance contact our team on 0800 9774833 or info@hiltonbaird.co.uk. Alternatively, request a call back and one of our funding consultants will be in touch.
