Managing cashflow can become increasingly challenging when a business is balancing existing commitments with future ambitions. Large one-off repayments and short-term funding arrangements can place pressure on day-to-day operations, making it harder to focus on growth.
This was the situation facing an established business that was looking to stabilise its finances, reduce cashflow pressures and create the headroom needed to move forward with its plans.
The Challenge
The business was managing a few significant financial commitments, including upcoming balloon repayments, which were restricting cashflow and limiting flexibility.
The management team wanted to strengthen the business's financial position and create capacity to support future growth plans.
They needed:
Funding to address existing financial pressures
Improved cashflow management
A competitive interest rate
Affordable monthly repayments
Flexibility to repay early without penalties
Without reviewing a wider range of funding options, the business risked entering into a shorter-term facility with higher repayments that would have placed additional strain on cashflow.
The Solution
Working with Dave Jones, the business reviewed several funding options from across the market.
A range of unsecured finance solutions were assessed, comparing overall costs, repayment terms and flexibility. While some lenders offered access to funding, higher interest rates and shorter repayment periods would have resulted in significantly higher monthly repayments.
Following a detailed comparison, UMi Get Funding identified an unsecured business finance solution that provided the most competitive combination of affordability, flexibility and long-term value.
The recommended facility offered:
£120,000 of unsecured business finance
A 60-month repayment term
Competitive pricing
No early repayment charges
Access to an additional flexible payment facility to help manage larger one-off costs
The structure provided lower overall costs than the alternative options considered and helped improve the business's cashflow position.
The Outcome
The business secured a £120,000 funding facility, enabling it to:
Repay existing balloon payments and existing commitments
Improve day-to-day cashflow
Create additional headroom to support future plans
By securing a more affordable and flexible funding solution, the business was able to stabilise its finances and focus on the next stage of its growth.
Facing similar challenges with cashflow or business funding?
Talk to Dave Jones and the UMi Get Funding team today to explore your options.