A successful Birmingham-based architects firm has secured a six-figure Revolving Credit Facility through Navigate Commercial Finance after being referred by its bank.
The business experienced a temporary softening in financial performance due to new Grenfell-related legislation, which significantly extended project lead times from around 12 weeks to as long as 52 weeks. Despite maintaining a strong pipeline of future work, the delays created substantial cashflow pressure.
The bank, while supportive, was unable to provide additional facilities under the current circumstances. A Revolving Credit Facility was identified as the ideal solution, offering flexible access to funds in line with working capital needs. This light-touch structure allows the firm to draw money only when required and repay when in a positive cash position, with interest charged solely on the amount borrowed.
The secured lender provided highly competitive terms, including no set-up or drawdown fees and daily interest calculation. This has given the practice the breathing space needed to navigate the current challenges while continuing to deliver on existing projects and preparing for the strong pipeline ahead.
This facility not only stabilised the business through a difficult period but also positions it well for recovery. Once performance normalises, there is a clear opportunity to transition back to more traditional banking facilities.
A smart, supportive funding solution that has restored confidence and financial agility for this forward-thinking architectural practice.
