An IT and Healthcare Recruitment business based in London required the help of Moorgate Finance as they were looking to implement an invoice finance facility to kickstart their business.
The Challenge
Before coming to Moorgate Finance, the business had already faced a setback, as they had received a rejection from a large invoice finance lender, just weeks before they were due to begin starting the facility. This unexpected outcome left them in a difficult situation with limited time to secure alternative funding in order to get the ball rolling. We needed to get the right finance in place in order for the business to stay on track with their plans and maintain business momentum.
The Solution
Moorgate Finance were able to utilise our expansive panel of lenders to secure a £300,000 invoice finance facility for the business. Additionally, by working with one of our trusted invoice finance partners we were able to include a full back-office facility as part of the package.
This meant that not only did the client receive the access to the capital, but they also benefitted from comprehensive administrative support from the lender including credit control, sales ledgers and overdue payment maintenance. Which means, instead of juggling time-consuming internal processes, they could concentrate on running and growing their business. The facility was competitively priced and structured to provide both flexibility and convenience. With the funding in place and back-office tasks taken care of, the business had the liquidity within their funds to hit the ground running and focus on scaling with confidence.
The Highlights
✅ £300,000 invoice finance facility secured for an IT and Healthcare Recruitment company
✅ We were able to include a full back-office facility as part of the package
✅ The funding and back-office task maintenance meant the business had the liquidity within their funds to scale with confidence
Give us a call on 01908 92 62 62 or head to www.moorgatefinance.com/apply-now to start the conversation.