The situation beforehand

A window company did not know how they would find funding for a crucial piece of machinery. They were worried they would not be able to fulfil all orders during a busy period. The machinery would increase production and improve systems and processes.

This client was having a great month with new orders but there was a cash shortfall due to an existing customer not settling their account. His bank wanted him to take on invoice discounting for the whole debt book which was not ideal.

In the construction sector, a client was looking for additional working capital to pursue a business development idea but was unsure about what options they had available.

The success we've achieved

Hallidays placed the directors in front of a potential funder within hours of the conversation arising. The application was approved and the machinery has now been installed with no further financing required giving the directors the confidence to push the business forward.

We recommended and contacted Market Invoice which would allow for finance to be raised on a few invoices and not the whole book easing stress and tension with the bank. It is now a great option to ease cashflow problems and fulfil new orders.

Our Corporate Finance team used their funder network to establish a range of options. Funding Circle proved to be the best provider opening opportunities the client didn’t know existed.