In 2008, a family business decided to expand by launching a new company in the warehousing and distribution industry. While the family’s main business is already backed by a Corporate Invoice Discounting (CID) facility, this new company, led by the director’s wife with his support, is on its own path.
Despite progressing well, with monthly trading between £30,000 – £40,000, the business was still considered too small for major banks to provide direct financial support. As the business continued to grow, they needed a reliable way to manage cash flow to keep operations running smoothly.
The Challenge
Like many growing businesses, cash flow became a concern as they worked to balance incoming and outgoing payments. Although they had already invested more than £30,000 into their infrastructure and software, they needed more funding to cover day-to-day costs and fuel their next stage of growth. With such consistent trading, they required a solution that would help them get their invoices paid faster, without the delay of waiting for customers to pay.
How We Helped
Referred to us by an introducer, we stepped in with a £50,000 invoice finance facility. This flexible solution allowed the company to access cash tied up in their unpaid invoices, giving them the working capital they needed to fuel their growth without any cash flow gaps.
Invoice finance has given them the breathing room to focus on their business, confidently managing their cash flow while continuing to invest in their infrastructure and software to support their growth plans.
The Result
Since partnering with Apollo Business Finance, the company has been able to maintain steady cash flow, giving them the financial freedom to plan for future growth without hesitation. With the support of our invoice finance facility, they’re set up to continue their success in the competitive industry they reside in.
If your business is looking for flexible funding to support growth and manage cash flow, we’re here to help. Apply for funding today or contact us to discuss how our finance solutions can keep your business moving forward with confidence.
