Cash Flow Support

Motor trade

 

The client was a mid-size motor parts group going through a period of rapid expansion. They were in the process of arranging invoice factoring finance from one of the big four UK banks. The process was excruciatingly slow. In the interim, they needed urgent cash flow support of £300K till their facility was in place.

Vector transacted via the client's advisors to get the necessary information security in place so as to release funds within 3  weeks.

In the end, the bank facility took 4 months to establish. However, they were able to maintain their business expansion in the desired trajectory with Vector's injection and support.

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