The Client:
The client here is a private, small to medium, family-owned company who have been in the supply and packing industry since 2000. The client’s speciality is in contract packing, and they employ a full management team with sometimes up to 200 production staff in peak times.
The Deal:
After initial contact with Goodman Corporate Finance, the client was matched with Swiftfund to meet their funding requirements. The Cash Advance product meant the client was eligible to borrow £20,000 over a period of 5 months. Our client needed to purchase some stock for his business. He was initially concerned as he only needed the funding very short term and did not need the full 5 months.
Success!
By working together with Swiftfund, we were able to offer a discount to the client for early repayment, the cash advance product ended up being the most suitable option for him for his specific requirements. The client’s business can continue to survive and thrive in the future thanks to GCF and Swiftfund taking the time and confusion out of the funding process.
Quotes:
Lauren Readitt, Sales Executive at Swiftfund commented:
“Stef at Goodman did a fantastic job of explaining the product and its benefits to the customer and as always, the speed and service from Goodman was fantastic. We have since developed a fantastic relationship with the customer and I am looking forward to working with both the customer and Goodman Corporate Finance again, for another seamless deal!”
Stefan Radymski, our Group Sales Director, noted that
“Seasonal businesses can really suffer with cash flow at times, and this was a good old-fashioned case of timing. Our client had a very strong pipeline with good work in progress but didn’t have enough cash to purchase materials. The immediate cash injection allowed them purchase the materials required which enabled them to complete and delivery works on time. As always, a super quick and efficient application and credit process from SwiftFund, which ensured our client had the funds the very next day. A great result for all concerned and one very happy client”