Our market-leading Funding Advisory team has the knowledge
and expertise to help you navigate the funding process
A manufacturing client recently secured a £100,000 loan with the help of Bishop Fleming's Funding Advisory team.
Our client approached us to discuss potential financing options for the business.
They are a longstanding business that as of January 2022 decided to move away from their existing business model of an agent and distributor and into the production, development and direct selling of their own product.
Manufacturing and producing locally in Worcester, they have used a wide range of Bishop Fleming services to help support them through the initial set up and early phases of manufacturing.
It was during an end of year meeting with the client that they mentioned that they may need to increase their working capital to get them through the next cycle.
The working capital would be used for a number of business needs, including:
Bishop Fleming approached the Capitalise platform for opportunities, looking to raise £100,000.
Our relationship with Capitalise meant we could easily approach all accredited lenders in the market at the same time.
This ability to contact all potential lenders in one go, together with our working knowledge of the company’s business and its management team, meant that we were well-placed to assist the company with its funding application.
We came back to the client with 3 potential opportunities.
The client took option 2 and proceeded with Funding Circle on a loan over 5 years.
The loan was received following the signing of all paperwork from the client, and everything was completed within 8 weeks of the initial enquiry.
Bishop Fleming’s Funding Advisory Team specialises in advising and helping the directors and owners of businesses faced with commercial, operational or financial challenges. Please contact a member of the team for more information.