We have recently supported a well-established commercial bakery with a £350k invoice finance facility to boost its available cashflow as seasonal demand from its supermarket customers ramps up in the run up to Christmas.
The business had previously relied on an overdraft and an injection of shareholder and director loans but needed a more flexible arrangement that could be utilised for busy periods and turnover spikes and to provide funding peace of mind against a highly concentrated, yet credit worthy group of customers.
Not only have we provided a solution that significantly increases their cashflow at critical times, but have structured their facility in a way that remains competitively priced in times of high utilisation and proportionate during periods of low usage and trading activity.
Our funding has enabled the business to successfully purchase the uplift in raw materials and supplies needed, provided a means to cover its increased overheads and enabled it to bring back its furloughed staff much earlier than anticipated. Our dedicated client relationship team has worked closely with the business to further improve its cashflow by reducing their customers average payment terms, a feature of our enhanced credit control offering.
Since 2006, eCapital has been on a mission to change the way small to medium sized businesses access the funding they need to reach their goals. We know that to survive and thrive, businesses need financial flexibility to quickly respond to challenges and take advantage of opportunities, all in real time. Companies today need innovation guided by experience to unlock the potential of their assets to give better, faster access to the capital they require.
We’ve answered the call and have built a team of over 600 experts in asset evaluation, batch processing, customer support and fintech solutions. Together, we have created a funding model that features rapid approvals and processing, 24/7 access to funds and the freedom to use the money wherever and whenever it’s needed. This is the future of business funding, and it’s available today, at eCapital.