Navigating the Quiet Season: How Short-Term Funding Saved an Independent Optician

Company Sector: Retail (Opticians)

Loan Types: Short-Term Loan
Loan Amount: £18,000
Loan Purpose: Working capital

The Challenge

Close to their overdraft limit, with existing borrowing and HMRC arrears, our client was approaching their quietest retail season. They required short-term financing to support cashflow throughout their quiet season. 

Our Solution

We secured the client a short-term offer which supported cashflow, specifically covering staff wages, overheads, and stock orders.

The client will fully repay the loan when their business resumes full activity following the quiet season. The short-term nature of the borrowing was important to the client as they wanted to avoid long-term financial commitments. 

The Results

Our client was relieved to continue operating without needing to reduce opening hours or stock levels. The solution enabled them to focus on their commitment to providing excellent service without worrying about cashflow.

If your business is facing a seasonal slowdown, get in touch to explore how we can help - 01832 770 273