Growing scaffolding firm gets support with a business loan

Case study

With more than 10 years’ experience serving property developers, commercial developers and local councils we were approached by this reputable scaffolding company to assist with the finance needed for their continued plans for growth.

Finance need

A common challenge in the construction sector is the delay in receiving payment after completing a project. Often VAT must be paid on invoices before receiving payments, causing even profitable construction companies to experience cash flow problems.

With this issue continuing to put a strain on the business finances, it was a very real barrier to the owner manager achieving his plans for growth.

Solution

The team at The Funding Store have experience working with many businesses across the construction sector and understood the owners needs for finance.

A short term business loan was identified as a solution that would provide the finance needed, without a long term commitment and with no early repayment penalties.

A key requirement for the business owner was that a competitive borrowing rate could be secured.

Result

Within 24 hours we were able to present a solution from a lender on our extensive panel who we were confident could meet the brief.

Our team worked with the business owner to collate the necessary information and within 2 days the business was able to receive the funds needed.

“I have been very pleased with the service provided by The Funding Store. The team supported me throughout and achieved a quick turnaround. I felt that they really understood my business what I was looking for. I would recommend them to others in the construction sector” said the business owner.

We are always very pleased to help construction companies overcome the challenges of delayed payments and we wish the business owner continued success with the growth of his business.

Contact us today to discuss how we can help you secure finance for your business.

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This article has been produced by www.TheFundingStore.co.uk for general interest. No responsibility for loss occasioned to any person acting or refraining from action as a result of the information contained in this article is accepted by HPG Holdings Ltd. In all cases appropriate professional legal and financial advice should be sought before making a decision.

This article has been produced by www.TheFundingStore.co.uk for general interest. No responsibility for loss occasioned to any person acting or refraining from action as a result of the information contained in this article is accepted by HPG Holdings Ltd. In all cases appropriate professional legal and financial advice should be sought before making a decision.