A well-established West Midlands-based wholesaler of timber products has secured a seven-figure Factoring facility after its incumbent lender tightened funding parameters and could no longer support the business.
The profitable company, which maintains a solid balance sheet, approached Navigate Commercial Finance for a swift solution. Factoring proved to be the ideal fit, as the business prefers a specialist third party to manage credit control. Its straightforward “sell and forget” product range, combined with simple audit trails, made the transition smooth for both the client and the new lender.
Our team quickly leveraged our extensive network of specialist funders and secured an excellent new facility. The outcome delivered a 25% increase in the funding limit alongside a substantial 38% reduction in overall finance costs.
This enhanced facility now provides the wholesaler with greater working capital flexibility, improved cashflow, and professional credit management support, allowing the business to focus fully on growth and customer service in a competitive market.
The successful switch demonstrates our ability to deliver superior funding terms even in challenging lender transitions.
