Facing financial concerns as a result of seasonality and extraneous circumstances, a leading technology infrastructure provider needed to secure a business loan for cash flow security, fast. With the help of Millbrook Business Finance and our expert finance specialists, the business was able to do much more than just weather the storms of uncertainty and seasonal dips.
Paul is the Chief Finance Officer of a leading screen technology solutions business, delivering large screens and infrastructure for renowned events and businesses like Glastonbury, Google, Netflix, and FIFA. Despite their industry leadership, global client reliance posed challenges, especially during unforeseen events.
Adversely impacted by the Hollywood Writer's Strike and facing the off-season financial dip, the business needed support to smooth cash flow. Delays and lost income loomed, amounting to £400k, so proactively seeking a buffer to mitigate potential risks, they approached Millbrook to secure a £200k business loan.
After a consultation with Guy McDonald, a Business Finance Specialist at Millbrook, Paul opted for a business loan via manual underwriting which ensures the unique merits of the business could be presented.
Guy successfully secured a £250k unsecured loan, exceeding the initial request amount, with favourable terms over a 5-year period. In just a week from approval to payout, Paul and his team had the financial buffer they needed to weather the winter lull.
The funds were quickly paid out, providing a crucial buffer to navigate uncertainties. Additionally, the secured amount allowed the business not just to weather the storm but to invest in equipment upgrades, ensuring they were ready for upcoming peak seasons.
This strategic financing approach had a profound impact on the business, turning potential setbacks into opportunities for growth. The ability to maintain operations, upgrade equipment, and navigate uncertainties demonstrated the resilience and agility that Millbrook Business Finance brings to its clients. By providing business loans for cash flow stability, our clients can withstand seasonal fluctuations and thrive amidst tough conditions.
In just one week, Millbrook Business Finance transformed potential financial difficulties into a strategic advantage for Paul’s business. By providing a robust financial buffer and facilitating equipment upgrades, we empowered the business to thrive even in challenging times. This case exemplifies the transformative impact of strategic business financing in ensuring cash flow stability, business growth, and overall readiness for future opportunities.
Get in touch to discuss your business financing needs with one of our experts. Alternatively, apply for business finance with Millbrook now for a tailored financing solution that can help you keep your cash flow healthy and navigate times of uncertainty.