Dyke Yaxley, a member of The Corporate Finance Network with two offices in Shropshire and one in the United States, has advised on a £100k fundraise for its client to increase its working capital.Sarah Hartshorn, a member of the Dyke Yaxley Corporate Finance team was approached by her client because they wanted to explore options for funding due to a new market opportunity. Sarah firstly worked with the management team to understand what their business plan was. From this, the Dyke Yaxley Corporate Finance team were able to prepare an application for Funding Circle, gather relevant financial information and write an application to raise the £100k needed.
Sarah was also the contact point for both Funding Circle and the client, ensuring a smooth process which kept project momentum from start to finish.
The outcome was Dyke Yaxley successfully raised the whole £100k at a very acceptable interest rate for unsecured lending. Their client was very pleased to have funds in place to assist with working capital and allow the company to increase stock levels in order to enter new market.