Funds Available in 29 Minutes: £31,000 Flexible Credit Facility for a Landscaping Supplies Business
Company Sector: Landscaping Supplies
Loan Amount: £31,000
Loan Type: Flexible Credit Facility
Loan Term: 24 Months
The Challenge
"The business had a number of challenges, including relatively low turnover, a negative balance sheet and a limited business credit history"
Our client supplies high-quality turf, topsoil and landscaping materials to trade customers and the general public. As demand increased, the owner needed to place a large stock order but wanted to maintain sufficient working capital to keep the business running smoothly.
The business had a number of challenges, including relatively low turnover, a negative balance sheet and a limited business credit history. In addition to these aspects, the funding was required urgently.
Our Solution
£31,000 in 29 minutes
Understanding the urgency, we presented the application clearly to only the relevant lenders. A £31,000 Flexible Credit Facility was arranged over 24 months, with funds available within 29 minutes.
A flexible facility was ideal for the business:
- The client can draw on it when they need to buy stock, and repay when sales are achieved
- It covers the shortfall between paying suppliers and getting paid by customers
- Regular use and repayment could help the business build their business credit profile
The cashflow gap was covered immediately and the business can now buy stock when required without waiting for revenue.
If your business needs funds quickly, get in touch to explore how we can help - 01832 770 273