TWP, a member of The Corporate Finance Network in the South-East with head office in Weybridge, has supported their PR agency client to obtain a working capital facility which was ideal for its needs.
The client approached Philip Munk at the firm after they were struggling with cash flow due to a late paying customer. The client requested an introduction to TWP’s funding partner platform, Capitalise, to arrange a working capital loan of £250k.
However, given that this was profitable business with a high credit rating and significant net assets on the balance sheet, Phil thought there would be a more cost-effective solution which would be more appropriate.
Indeed, Capitalise advised the client look at a selective invoice finance facility instead and they then approved a facility of £250k within 24 hours.
The client was delighted and could continue developing their business without the stress of struggling without adequate working capital.
