A non-emergency ambulance service for the NHS with a £9.5m Invoice finance line and a £2m Revolving Credit Facility.
The Problem:
- Outgrew existing lender
- Large growth required additional headroom and additional capital
- Needed additional headroom to take on new contracts
- Needed a drawdown facility to fund new vehicle purchases and headcount growth
The Solution:
- Quickly refinanced the existing invoice finance facility in a timely manner to ensure the company could continue to grow with extended headroom.
- Provided a revolving credit facility alongside the Invoice finance to supplement growth.
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