Care Provider with Cash Flow Problems

We were approached by a provider of residential care workers who was encountering cash flow problems.

They had tried traditional factoring facilities which had not worked because they had a single debtor which was the local authority. They had also approached their bank for an increase in their overdraft facility but they were not supportive despite the successful track record of their client.

We introduced our client to specialised provider of cashflow finance. The lender understood the sector and was happy to provide 100% finance against the local authority debt.

For independent best-practice advice call 0845 251 4040  or email finance@fundingsolutionsuk.co.uk