Finance facility can help cash flow
Looking to finance a new machine or some new premises?
Many businesses are feeling the effects of inflexible banks reducing or withdrawing overdraft and factoring facilities, adding additional pressure in already difficult trading times.
There is an alternative. GTMA is currently working with our finance partner to assist many businesses similar to yours to release cash from their existing assets. Being independent and flexible, we can raise cash against your current assets from property to machinery and vehicles. We think outside the box because we know about financing businesses.
- Commercial mortgages
- Asset finance
- Factoring & Invoice discounting
- Unsecured Loans facility
For further information,
please contact GTMA Supply Chain Director
Alan Fairweather | email@example.com or call: 0121 601 6350
Case Study November 2011
We were introduced to a local manufacturer of parts to the nuclear and motor industry; having managed their business well during the recession, were in a position to take advantage of increased demand from existing and new customers. They have a full order book and have recently recruited and operations manager to manage orders and supply, this allowed the MD to focus on sales.
They approached their bank for a £75k loan to support their growth; this was verbally agreed by their local manager subject to a site visit. When the manager visited the business, he was accompanied by a senior colleague who proceeded to talk only about a factoring facility which was “ideal for their business”.
Factoring does not suit their business and they were advised by their accountant to avoid such a facility.
NGI organised a £75k unsecured business loan over a 3 year period, this was proposed and drawn within 2 weeks.
To date they have still not heard back from their bankers about the original loan proposition.