Design agencies represent everything we love about entrepreneurial businesses. They are creative, fast moving with customer needs and focused on providing client satisfaction and results. So when we were approached to help a growing design business we were excited about taking on the brief.
The design agency in question was a fast-growing owner-managed business. Established in 2014 they had reached a point where they were ready to take on new designers and account managers to expand the business.
With a significant amount of working capital tied up in equipment such as high spec IT equipment and printers, the business struggled to plan how it would achieve this growth ambition.
After our consultations with the management team we identified that asset finance would be an effective way to raise finance to support the growth of the business.
Utilising the cash tied up in the business would support their recruitment plans and the additional equipment that they would need to purchase. With the repayment duration spread over a period in which they felt comfortable they could meet without putting pressure on the monthly cashflow.
Contact us today to discuss how we can help get the finance that your business needs.