Working Capital to Fulfil a £10m Contract
- Client
- UK phone-repair business
- Finance type
- Working Capital / Business Loan
- Amount
- £150,000
- Lender
- ThinCats
- Outcome
- Completed in 14 days
- Commission
- £7,500
- Location
- Newcastle
- Lead source
A UK phone-repair business had just landed a repair contract with Samsung worth around £10m. It was a step change in scale, and it meant hiring more engineers fast. Each new engineer needed a kit bag costing roughly £5,000 per head, so the business needed cash up front to staff up and start delivering.
We arranged a £150,000 working capital facility with ThinCats, completed in 14 days. That gave the client the headroom to recruit and equip the team without the contract stalling before it had started.
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