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.
