Latest Client – Engineering Company

Smart Factoring QuotesWe were recently asked to help an engineering business who wanted to leave their existing funder who was a high street bank.

The business taking the opportunity to implement a new strategy which was to focus on higher margins and employ a sales force to attract new customers.

We were able to put in place a factoring facility with an 85% prepayment which was cheaper than the high street bank. In addition we were able to secure an asset refinance facility that provided a valuable cash injection into the business.

For the engineering company factoring was an ideal solution as not only did it provide essential working capital it also provided an outsourced credit control function.

This entry was posted in Uncategorised and tagged , , , , , , . Bookmark the permalink.

Comments are closed.