Engineering Business Invoice Finance

Background

A small, new start asset maintenance engineering business with grand aspirations and contract negotiations to support their plans for growth. They required assistance with buying new kit and expanding their work force to meet the increased workload.

Challenges

• Time constraints to get the facility in place
• Basic administrative systems due to new start
• No account in place
• Director had limited knowledge of running a business

Solutions

We approached a small number of funders giving outline requirements and highlight that speed was the most important factor to the customer. Whilst a number of funders could meet the time frame, the decision ultimately came down to the level of funding available, the pricing structure and the software package provided to support the customer.

This was a very hands-on process, with support and guidance provided from both TBP and the funder throughout.