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The Merseyside based metal fabrications and maintenance company had previously dissolved and started up again, with the intention of concentrating on larger, more profitable jobs to help drive the business forward. As a new start business, they were finding it difficult to secure funding through traditional sources. After trying various sources and struggling through the early stages, their bank manager recommended they talk to Creative Capital about their cash flow.
Although the company had previously used factoring, they felt the Selective Invoice Finance offered by Creative Capital would provide the cash flow assistance required, along side flexibility and cost control. Creative Capital were pleased to be able to advance over £26,000 against an invoice. This enabled the company to manage the extended payment terms, and provide cash to buy raw materials for other jobs. Our client now has a facility which they can call on, as and when a short term cash flow problem arises.
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