TWP, a member of The Corporate Finance Network in the South-East with head office in Weybridge, has supported its client in the Recruitment sector, to obtain finance which will enable them to grow.
When it became apparent that the business would benefit from further cash flow, Nicola Crick of TWP introduced them to their funding partner, Capitalise.
The business required working capital to develop their online platform to ensure further growth.
They had invested in some product development last year, but the implementation cost more than they initially expected.
Revenue and profitability had not yet responded as projected, so the management team recognised they needed a strategy to create a leaner operation, by reducing fixed costs, whilst still investing in marketing. The additional funds would buy them the time to achieve this.
The funding specialists at Capitalise reviewed the business and the funding needs and advised which products and lenders were best suited.
Following introductions to relevant lenders, the directors opted for an unsecured loan facility with a provider who granted instant approval, underpinned by their positive track record on a prior facility.
The management team is now able to continue to roll out the company’s strategy and hope to show impressive results soon.
