Broker: Shafi Islam
Overview: A facilities management company faced a critical financial challenge when their existing invoice finance provider unexpectedly cancelled their credit line. This left the business at risk of cash flow disruption, which could have significantly impacted their ability to meet ongoing operational costs.
Challenge: The business heavily relied on its invoice finance facility to bridge the gap between issuing invoices and receiving customer payments. Without this support, they faced potential delays in staff wages and supplier payments, jeopardising their ability to maintain smooth operations.
Outcome: Shafi identified an alternative funding solution and successfully secured a £250,000 flexi loan with IWOCA. This flexible financing option provided the company with the working capital needed to continue trading without interruption. The loan enabled them to manage their cash flow effectively, ensuring staff salaries and other operational expenses were covered.