Primary Asset Finance has successfully arrange funding for a company that provides engine converters for vehicles to meet European compliance requirements. The company needed working capital to fulfil a large number of future orders.
With the lender, Primary Asset Finance arranged a £4.3m Invoice Finance facility and a £700k working capital facility, which would allow the company to fulfil their orders. Furthermore, identifying a lender that could provide a growing facility meant that the funding is in the best solution for the company both now and going forwards, facilitating future growth.
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