Due to our strong relationships with all the UK’s major lenders and combined experience over many years, we have managed to arrange suitable finance packages tailored to the needs of virtually every industry. We are yet to find a sector which we are unable to assist and can guarantee your company will be matched to the most suited lender to meet your business needs. We are proud to have successfully concluded finance packages for our all of our customers and below are details of some recent completions.
We were approached to review an existing invoice factoring facility as the client felt his price could be improved upon. First Financial identified that he was paying too much and introduced a lender who could provide lower cost, a higher facility limit and debt protection whilst still providing a significant cost-saving. The size of the monthly cost-saving combined with an improved package provided a strong financial incentive for the client to buy himself out of his existing facility; which he promptly did.
Having previously arranged asset finance for this company in the region of 50k, they again approached First Financial regarding invoice finance. They needed to improve their cash flow and save administration time by outsourcing their invoice collection due to company growth and an upcoming move to larger offices.
First Financial introduced several invoice discounting lenders, from both the banking and independent sector, who had offices close to the company. The client’s has now been able to increase business revenue markedly due to the flexibility of their new invoice finance facility and the additional working capital it's created.
This wholesaler needed to release cash from their unpaid invoices, some of which were taking over two months to be paid. After a discussion with First Financial regarding the merits of invoice finance, in particular invoice factoring, the company decided they would like to speak to lenders about a facility that could help him free up cash from invoices.
An invoice factoring facility was put in place and they have now been able to take on larger orders due to the improvement in their cash flow and this has allowed the company to grow far faster than it would have without it.
We were approached by the client to review his current invoice factoring facility as he felt he was paying too much and wished to move to invoice disounting. His current lender would not reduce cost or move him to the facility he wanted.
He had also engaged with several lenders independently but was having the same issues with these other lenders. First Financial quickly ascertained that invoice discounting was a viable option in this instance and found a lender who was happy to provide competitive terms on this basis.
This Wholesaler was unhappy with their current finance facility which combined both invoice factoring and trade finance. They felt that they were overpaying for a service which had been poorly administered. They wanted to find a lender who could keep their customers happy whilst reducing overall cost.
First Financial sourced a lender who worked in conjunction with a trade finance specialist, who had a detailed understanding of the client’s industry requirements, and provided a far more suitable facility at a reduced cost.