Phil Trueman, from Reach Commercial Finance, has secured a six-figure CID line for a Leeds-based digital media firm.
“Having a strong understanding of the client’s requirements and concerns was always going to be the key to getting this deal done” explained Phil.
Whilst the digital sector is thriving now, more than ever, sourcing funding for this company had its challenges.
Finalising the invoice discounting line was down to a strong relationship between Reach Commercial Finance and lender, Ultimate Finance.
Michael Beer, Regional Director at Ultimate Finance worked closely with Phil to provide the CID line with an external BDP policy.
“We worked together to find a solution to support an ongoing digital project with a large debtor that is currently in a CVA and zero-rated by all credit insurers. The company also has ambitious growth plans for 2020 and beyond and wanted a funding partner to grow with”.
The strength and experience of the management team was key in allowing prospective lenders to see the investment potential.
Find out more about finance for SMEs with Reach Commercial Finance here.
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