A manufacturing business that made antibacterial wipes came to us as they wanted to buy a specialist machine after demand had risen due to COVID.
Our specialist team stepped in as all the business’s cash was tied up in buying stock and leasing larger premises to cope with the orders.
We arranged £279k over a 5-year term with a 12-month capital repayment holiday for the machinery.
The customer was happy with the deal as they continued to grow and keep up with their demand levels which meant profits increased. We are now working with the business on an invoice finance facility.