Supporting new opportunities
With R&D work underway for a potential customer and a string of new orders lined up, our client needed a supportive and flexible funding partner to work with them to take their business forward.
The wire and textile business was projecting impressive growth but cash flow was proving a limiting factor. With customers often taking up to 60 days to pay, despite 30 day terms, a solution to release the cash to capitalise on the opportunities in the pipeline was crucial.
Having used invoice finance previously, the business owner knew of its benefits but had previously found the fees confusing and the funder she’d worked with hadn’t understood their business well. Likewise, she had found her bank largely unsupportive and impersonal.
Hilton-Baird Financial Solutions got in touch with the client and discussed her aspirations for the business, as well as her concerns, then set about identifying a funder that was the right fit for the business’s specific requirements.
With many funders in the market, finding the ideal solution for a business’s individual needs can be both time consuming and confusing.
But Hilton-Baird helped the client through the process and showed that invoice finance isn’t a one size fits all solution.
The team at Hilton-Baird introduced two funders that were right for the client’s needs, and put them in direct touch with the decision makers within the organisations. Additionally, the facility secured had a simple and transparent fee structure which was important to the client.
For more information about how Hilton-Baird Financial Solutions could help your business, contact our team on 0800 9774833 or email info@hiltonbaird.co.uk.
