Export Finance for fire-resistant tunnel panel manufacturer

Published On: 18 June 2024||

Situation

This business has traded since 2016 and produces specialist fire resistant tunnel panels and carbon dioxide absorbing paint which can be used in many commercial development projects. The company has developed a new more environmentally friendly product which will be used in a significant ongoing engineering project. However, the quantities required will require additional cash flow support.

How we helped

We provided an Export Finance facility of £300k which would allow flexibility to meet necessary payment schedules as the project continues. This support is in addition to a £175k Recovery Loan Scheme facility provided earlier this year.

Results

The additional support allows the client the peace of mind to be able to manage their cash flows as the growth of their business continues.

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140 Aldersgate Street
Barbican
London
EC1A 4HY

info@newablecommerce.com

Legal notice

Loans and invoice finance products are provided by Newable Business Loans Limited which is registered in England and Wales. Registration number: 08796862. Newable Business Loans is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register www.fca.org.uk/register FRN 700160.

Not all products offered by Newable Business Loans are regulated by the Financial Conduct Authority.

Newable Business Finance is registered in England and Wales, registration number: 10365665

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For clients based in the European Economic Area, payment services for Newable Business Finance Limited are provided by CurrencyCloud B.V.. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 – 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of an electronic-money institution (Relation Number: R142701).

For clients based in the United States, payment services for Newable Business Finance Limited are provided by The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorised in 39 states to transmit money (MSB Registration Number: 31000206794359). Registered Office: 104 5th Avenue, 20th Floor, New York , NY 10011.

For clients based in the United Kingdom and rest of the world, payment services for Newable Business Finance Limited are provided by The Currency Cloud Limited. Registered in England and Wales No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199).