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Funding Bay secured refinancing for a property developer’s BTL portfolio in under three weeks.
A coffee and tea wholesaler, found themselves reliant on short-term, high-interest debt due to difficult situations during the pandemic. This debt burden not only drained their profits, it made it difficult to invest in growth and limited their working capital. Consequently, their inability to capitalise on opportunities of supplier bulk discounts proved challenging for them to compete in the market.
The client approached us to assist with their needs. Ideally, they sought a solution that addressed both challenges: debt restructuring into a more manageable long-term option with lower interest rates, and flexible financing that would allow them to scale inventory based on market demands without getting locked into another long-term loan.
We transformed our client’s financial landscape by consolidating high-interest debt and securing flexible trade finance, freeing up cash flow and paving the way for expansion.
Industry:
Coffee and tea wholesaler
Product:
36-month, secured business loan – secured by an equitable charge
Facility:
Secured Business loan
We tackled the client’s financial burdens in two ways;
Firstly, we identified an opportunity to consolidate and refinance their existing debt. Leveraging our client’s existing relationship with Fleximize, we presented a compelling case and shook hands on a £365k secured business loan, successfully consolidating two short-term debt facilities. This solution, not only simplified the client’s debt management but provided immediate relief by reducing monthly repayments by over £20,000. This freed up significant cash flow for the client to invest in growth.
We then addressed our client’s second challenge – the need for increased stock capacity. We understood that their preference for a flexible solution instead of another long-term loan.
We therefore, secured a revolving trade finance facility of £250k with Treyd, a specialist trade finance provider. This allowed the client to access capital for larger stock purchases, leading to better supplier deals and ultimately securing high-value contracts. The increased stock capacity became a key driver for their business growth.
By addressing our client’s two key challenges, we helped them secure financing and open doors for growth.
By identifying the opportunity to consolidate their existing high-interest debt at a lower interest rate, we were able to lower their monthly repayments, freeing up the much needed cashflow within the business. Where after we took control of their current limitations and secured a strategic revolving trade finance facility that provided the flexibility they desired, ultimately leading to high-value contracts, propelling their business forward.
Funding Bay secured refinancing for a property developer’s BTL portfolio in under three weeks.
Funding Bay secured refinancing for a property developer’s BTL portfolio in under three weeks.
See how we helped a coffee wholesaler cut debt and boost growth, reducing monthly repayments by £20k.
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