Small Printing Business
We were approached by a small printing business. They believed that they had structured their finances in a way that would allow them to grow. They had a factoring facility but the limits assigned to each of their individual customers were so low that sufficient funding could not be generated. As a result the growth of the printing business was being hindered.
We sourced an alternative lender that could provide discretionary limits of £10,000 on any of their clients. We were also able to negotiate early termination from the existing agreement without incurring penalties.
As a result our client now has a facility that facilitates growth rather than hinders it.