The Challenge
A UK-based freight business was feeling the effects of the current global conflict, with customers across their debtor book pushing back payment timelines. This had left a growing hole in their cash flow that was putting pressure on day-to-day operations. On top of this, the business had a clear opportunity to grow its fleet but didn't have the capital to move forward. They needed funding quickly, and it needed to make commercial sense.
The Solution
Phoenix Commercial Finance assessed the situation and found the right fit through our lending partner, Playter. A £450,000 term loan over 60 months was put in place quickly, giving the client access to the funds they needed without a drawn-out process.
The Benefit
The loan allowed the business to cover the shortfall caused by late debtor payments, keeping operations stable. The client also used part of the funds to purchase two HGV trucks, expanding their business greatly. With repayments spread over 60 months, it gave the business room to grow without overcommitting.
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