CASE STUDIES

£1.5m line for UK’s largest print finishing business The facility enabled the company to restructure and gear up for the proposed expansion plans in 2007. SBF won the business ahead of significant competition as the management team opted for the local provider as opposed to a global player, great deal and a very good choice!

£75,000 invoice discounting line when others were pushing factoring proved to be the difference in winning this North West engineering business. The ledger was well controlled and whilst the turnover was only £300K, invoice discounting was the right choice for the client.

£125,000 full service factoring facility allowed the management to restructure the crown creditors who were threatening to close the company down. 30 jobs were saved and the company is now well on the way to a return to profit 6 months ahead of schedule.

£500,000 confidential invoice discounting line means you can have your cake and eat it as this Yorkshire based manufacturer of tray cakes joins the SBF client base. The bank were wanting to move the company to a factoring facility and double the price.

£30,000 small business factoring line with the addition of a £10,000 over advance (100% of debtors) enabled this manpower business to win a new contract that would double sales. Flexibility was the key and the ability to look at things from the client’s perspective not just the financier.

£200,000 invoice discounting (disclosed) line for a new start steel stockholder based in the North East. Deal completed in 24 hours when a competitor changed the deal at the eleventh hour.

£900,000 invoice discounting line for a phoenix deal for a printing business in Newcastle.  With £500,000 of crown arrears a newco was the only sensible option. 70 jobs were saved when the new company retained 90% of the oldco workforce. Massive support was needed in the early stages to see the company onto steadier waters.

£150,000 factoring facility together with a £30K advance against plant and equipment was enough to enable this bathroom product supplies company to buy the business from the existing directors. MBO was completed in just 6 days from start to finish and within a year sales have more than doubled.

£75,000 line for a Lancashire based courier business that has now been with SBF for 5 years.  SBF enjoy an excellent relationship with directors and staff and the flexibility during the quiet times when SBF allow up to 100% advance is typical of the trust built up between client and funder.