Finding the right fit
The right finance partner is not just a funder who is willing to advance funds. A good working relationship with a funder who fully understands your business is fundamental to mutual success.
Our client, a specialist distributor of graphics systems and solutions, experienced firsthand that funding is certainly not “one size fits all”. The business had a strong business plan, an experienced management team and an ambitious strategy, coupled with strong sales. However, it hit a stumbling block earlier this year when its funder didn’t share its entrepreneurial vision.
As a result, relations between the funder and the business broke down, putting a strain on the business’s cash flow. The Managing Director was recommended to get in touch with Hilton-Baird Financial Solutions who worked with him to understand the business and its goals, and then quickly identified a new funding partner.
Finance providers are numerous and vary widely in their approach. Taking into account the funder’s level of flexibility, size, culture and how the day to day relationship would be run are key to a successful funder/client partnership. Tapping into the resource of an independent commercial finance brokerage can assist in identifying the best fit for a range of short term and also long term needs.
When choosing a finance provider, looking for a funding partner who will take the time to get under the skin of your business and share your vision will assist in achieving long term success.
The client was so impressed with our understanding of the commercial finance market that he is now working with us to secure complementary funding which will assist with ongoing projects.
To see if we could help your business find a funding partner that suits your needs contact our team on 0800 9774833 or email info@hiltonbaird.co.uk. Alternatively, request a call back and one of our funding consultants will be in touch.
