The Challenge:
Our client is the largest supplier of Asian traditional wear in the UK, operating in both the retail and wholesale sectors. Given the fast-paced nature of fashion, they consistently source stock from suppliers in India and maintain these relationships by paying in advance.
However, just as they were about to place a significant stock order, they faced a temporary cash-flow shortfall and urgently required a £500,000 business loan. Securing this quickly was critical to avoid any delays.
Our Solution:
Understanding the urgency, we immediately gathered all the necessary financial information and approached one of our trusted lending partners – Swiftfund, a lender known for their speed and efficiency. Swiftfund recognised our client’s credibility and strong financial standing and was happy to fund the transaction.
We submitted the application at 11am that day and by 4:30 PM, the £500,000 was in our client’s account.
The Benefits:
The client was able to place their stock order without any delays, ensuring uninterrupted operations – allowing them to meet customer demand. What’s more, they were able to maintain supplier trust and secure future trading terms. if you have a temporary cash flow gap hold you back from seizing opportunities, contact Phoenix Commercial Finance today on:
Contact Details:
Whatsapp Chat: 02080028736
Email: info@phoenixcf.co.uk
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