Raising Business Finance
New start business
The directors were new to raising business finance so we facilitated a meeting with two banks.
The business required initial stock finance, a working capital facility and also a banking relationship. Our approach was to access these facilities through our high street bank connections.
Our team of specialists worked with the directors over a number of months and secured a commercial loan of £900,000. In addition, they we helped the directors source their business insurance and trade debtor credit insurance.
Initially the business model suggested that the company required both a commercial loan to fund the purchase of stock and then an invoice finance facility to fund working capital. Our team helped the business structure finance requirements following the successful introduction of the commercial loan to the extent where the company no longer required an invoice finance facility.
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