£400K working capital loan helps an electrical company secure a major contract
This month, we are pleased to highlight a successful funding solution that provided an electrical company with a £400,000 working capital loan, with funds released on the very same day the client signed their new contract.
The need:
Our client, an established electrical company, had been awarded a major new contract. While this was fantastic news for the business, taking on a project of this scale required significant upfront investment in materials, equipment and labour before payment would be received.
To be able to confidently commit to the contract, the client needed £400,000 of working capital in place and with timing being critical, the funds needed to be available as soon as possible.
The solution:
NGI Finance got to work quickly, sourcing a £400,000 working capital loan from a lender able to meet the client’s requirements and timescales. By preparing the application and lining up the facility in advance, we ensured everything was in place ready for the contract signing.
The result was that the funds were released on the same day the client signed their contract, allowing them to get started straight away without any delay or cash flow pressure.
Why NGI Finance?
At NGI Finance, we understand that when a big opportunity comes along, timing can make all the difference. By working closely with our clients and our panel of lenders, we can deliver finance solutions that move at the pace of the business, helping them to say yes to growth with confidence.
For any questions or assistance, please call us on 01993 706403 or email enquiries@ngifinance.co.uk.
