Business Loan Facility To Fund Working Capital For Company Expansion

We're often approached by business owners who are looking to grow and need finance to fund the purchase of equipment, stock or a move to larger premises.

Or they may be responding to increased demand, and needing to top up their working capital in order to step up production. 

The Scenario

Our client was involved in the manufacture of pharmaceutical products on the outskirts of London. Growing demand for one of its product lines from a major high street retailer meant they needed to scale up production, and expand from renting four units on their industrial estate to 10 units.

They needed additional funding of £300K.

The Solution

We used the company's recent management accounts to demonstrate the financial soundness of their business model, and got a  £300K flexible rolling finance facility set up for them.

A rolling facility allows them to borrow as and when they need the cash, at a very reasonable interest rate. They don't pay interest on money they don't need yet, but it's easy to extend their borrowing when they need it without a lot of additional paperwork.

And we could get the lending in place quickly, so the client could upscale to fulfil the first phase of the order on time.

Do you need finance to fund business expansion? Talk to a member of our commerical finance team to discuss the options available to you:

And read our blog about business loan finance »