Welcome to our monthly bulletin, showcasing some recent partnerships.
Feature deal
Wholesaler switches invoice discounting provider for higher funding limit
Industry: Wholesale
Product: IDeal™ invoice discounting
Facility size: £2m
Industry | Product | Facility | Corporate objective |
---|---|---|---|
Wholesale and distribution |
IDeal™ with RLS term loan |
£5m | Mitigate impact of increased debtors due to COVID-19 demand |
Manufacturing | IDeal™ with RLS term loan and RLS top up, plus Close Brothers Asset Finance facility | £3m | Refinance incumbent provider and maximise cash flow |
Aerospace engineering | IDeal™ with RLS term loan and RLS top up, plus Close Brothers Asset Finance facility | £1.7m | Create capital headroom |
Services and maintenance | IDeal™ with bad debt protection | £1.5m | Support business growth |
Recruitment | Invoice factoring | £1m | Switch due to incumbent provider leaving the market |
Manufacturing | Invoice discounting | £450k | Access higher funding limit |