We are thrilled to announce the latest addition to our growing family! Our client, established in 2016, is a growing business in the electrical contracting industry, specialising in small electrical repairs. They’ve built up a solid reputation, providing an outstanding service to their growing customer base.
the problem
Their hard work has paid off, landing them a large job with a new customer. However, this came with a challenge: 45-day payment terms. This delay in payment caused some friction, as funds were needed to cover supplier costs and staff wages.
Without quick funding, our client risked stalling their growth. The long wait for customer payments threatened to slow down their growth, potentially impacting their ability to deliver the high-quality service they are known for.
The Solution
Recognising this, our client reached out for support. Through one of our partners, they were introduced to our Sales Director John Day. Understanding the importance of momentum, John offered a £30,000 funding limit to help bridge the gap between invoicing and payment.
Armed with this new boost, our client is ready to take on new customers with confidence. We’re proud to be supporting them and are excited to see what the future holds!
If you’ve got long payment terms holding your potential, reach out to us today! We pride ourselves on being more than just a lender. We’re your partner, committed to watching you succeed and grow.
