We are delighted to welcome our latest client who is a flooring contractor. They specialise in laminate flooring and service large retail outlets.
They were operating as subcontractors and while margins within their business is good the time it took them to get paid was having a serious impact on their cash flow.
They had already been turned down by 2 banks and an independent invoice finance provider. Having dealt with similar businesses we were able to introduce a lender we were confident could help.
Within 3 weeks a factoring facility was up and running and their cash flow problem was solved.