Whiting & Partners, The Corporate Finance Network’s representative firm in Suffolk, has successfully advised a printing business on raising £50,000 working capital.
Whiting & Partners were approached by their printing business client when it became apparent they needed to secure additional working capital, however their previous provider were unable to secure the amount.
Richard Carr, a member of the Whiting & Partners Corporate Finance team went to work to find a quick solution for their client. After conducting analysis to determine how much their client needed to raise, the team set out to secure £50,000.
To raise funds Richard Carr used Capitalise, a company which provides comprehensive searches of 300+ lenders to find the best rates and deal for businesses seeking finance. The funds were promptly secured at an acceptable rate.
The outcome was the business secured a revolving credit facility of £50,000.