£1.5M asset-based-lending facility for a wholesale distributor

A growing wholesale distribution company needed working capital for expansion but faced constraints due to their current bank's unwillingness to fund single debtor finance through a confidential invoice finance facility.

The new client was referred to us through an accountant and needed to secure a £1.5 million asset-based lending (ABL) facility to expand their business operations.

We arranged an asset-based lending (ABL) package for the customer, which included a £1 million invoice finance credit line against unpaid invoices and £500k refinance secured against the client's property.

The client received crucial working capital and improved financial stability through the ABL facility. They experienced enhanced levels of business cash flow, enabling further business expansion from the facility we put in place.

Delighted with our level of service, the client wrote directly to the managing director, praising our team's professionalism and support.

To find out how we can help your business like we did here, email enquiries@maffinancegroup.co.uk, call 0115 958 6872 or fill in an enquiry form below.