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Powering SME balance sheets 

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Adriana Amato Aug 20, 2019

Businesses grouped

 

R&D tax credit advance 

SOFTWARE STARTUP BUSINESS

Purpose - Funding was needed for the group’s new software startup business, on a short-term basis, while waiting for their £200k R&D Tax Credit payment to come through from HMRC (having a history of successful credit claims).

Product - £150k loan over a 12 months term against their pending R&D Tax claim.

Provider - The business had an outstanding £37k Funding Circle loan, the business owner was restricted from borrowing beyond an additional £13k as he was not a homeowner. Capitalise sourced a second provider offering a much more flexible approach, Archover, who provided them with the further £150k.

 

Refinancing director loans

INDEPENDENT COFFEE SHOP

Purpose - Our accounting partner’s client wanted to refinance some existing loans – loans that were currently secured against personal guarantees from the company’s directors. The owners wanted to refinance to remove the personal liability and bring the debt into the business.

Product - Fully unsecured, revolving credit facility

Provider - Several lenders came out of the Capitalise search, but our team knew from experience that only one one provider, SpotCap, would offer the loan the business wanted, at the specific terms they were looking for.

 

Urgent cashflow issue

CONSTRUCTION BUSINESS

Product - Short-term funding was needed to cover an urgent cashflow issue. The SME’s customers were taking a long time to pay, leaving them with a cashflow hole. This meant they couldn’t purchase materials, pay suppliers or cover their weekly payroll costs.

Provider - Invoice financing was a fast way to get the SME the cash they needed. With a debtor book of £150k in the construction business, they could borrow funding against these unpaid invoices

Provider - Market Invoice provided £100k cash injection, secured against the SME’s existing outstanding invoices – getting the construction business the cash they needed and passing the debt on to Market Invoice to collect.

 

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