Six-figure Revolving Credit Facility (RCF) secured for a Warwickshire-based fuel wholesaler supplying both B2B and B2C with heating oil/fuel and vehicle fuel.
As part of the business’ strategic plans, they undertook a full review of their current funding structure and decided to refinance.
As the refinance would take approximately two months and include a capital injection, the business needed a short-term “bridge” to pay suppliers and maintain growth.
Once the refinance completes, the “bridge” will be repaid.
Within just one week, we secured a six-figure RCF “bridge” giving the business immediate access to the additional working capital required to ensure suppliers were paid on time and growth supported.
This facility attracts no arrangement fee or exit fee, the borrower only pays interest on the amount borrowed for the period outstanding.
In this situation the RCF is an efficient and cost-effective “bridge” to a longer-term funding structure. The right funding, at the right time. That’s what keeps businesses moving.
