Debt finance advice for stressed and distressed companies
There are many reasons why a business can come under financial pressure. Even companies with sound fundamentals and a solid business model can be affected. A bad debt from a major customer can sometimes be enough to bring a company to the brink. Extended supply chains tying up cash for longer can also have an impact, while slower debtor payments may mean that it is taking longer to be paid for the work you’ve done. Some businesses might inadvertently overtrade. It can be a combination of more than one factor which has a negative effect on cashflow. We’re also seeing increased cost pressures impacting businesses who haven’t managed to pass on those costs. Sometimes new strategic developments can be more expensive that you think, and take longer to pay back than planned.
At Primary Finance, we support stressed businesses to arrange the critical funding lifeblood they need to underpin a turnaround plan. We work to bring to the table a funder willing to deploy debt finance facilities in situations where these might otherwise be difficult to find. This can especially be the case where there is limited time involved to get everything in place.
Introducing the right funder is crucial; they must have experience of supporting companies in turnaround. With an extensive network of lenders built up over many years, Primary Finance is on hand to help bring the right funder to the table at the right time. Our ability to move quickly to secure lender buy-in gives our clients the best chance of turning a difficult situation into an opportunity.
In addition to traditional funding methods, we have also had success with equity funding in some turnaround cases, by finding investors through our partners who are willing to put up cash to fund shortfalls in exchange for an equity share in the business. Often, such investors can also bring their expertise and door-opening ability to a business too.
Having a realistic and deliverable turnaround plan in place is fundamental to securing lender buy-in. We can support you by creating a compelling funding proposal to back up your turnaround plan, ensuring you are ‘funder-ready’ and in the best possible position to secure finance.
We are committed to always being honest with our clients. Where believe that a business is in too much difficulty to successfully obtain funding, we will share that opinion. We don’t believe in going forward with a funding proposal unless we genuinely think we have a chance of success. Should it be required, we have specialist professional contacts who can provide you with expert advice and guidance about your situation.
As business owners ourselves, the team at Primary Finance understands how challenging running a business can be. We are with our clients every step of the way, providing the advice and guidance they need to secure turnaround funding and navigate through their circumstances with confidence.
To consult with us about your business, please call us on 01763 299 475, email hello@primaryfinancegroup.co.uk, or fill in our Contact Form below.
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Disclaimer: Primary Finance is an arranger of finance facilities and not a lender. We do not hold ourselves out to be an adviser to a Borrower. Any assessment and decisions concerning finance facilities sourced by Primary Finance reside entirely with a Borrower in conjunction with their own professional advisers. Any decision to make available finance facilities to a Borrower rests solely with a lender and not ourselves. Primary Finance strictly arranges finance for businesses, most typically limited companies. We operate by arranging strictly non-regulated commercial finance for companies, therefore Primary Finance is not FCA regulated and we cannot consider regulated finance requirements including for sole traders or individuals.
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© 2024. Primary Finance. All rights reserved. Website designed and developed by TOMD.
Disclaimer: Primary Finance Group is an arranger of finance facilities and not a lender. We do not hold ourselves out to be an adviser to a Borrower. Any assessment and decisions concerning finance facilities sourced by Primary Finance Group reside entirely with a Borrower in conjunction with their own professional advisers. Any decision to make available finance facilities to a Borrower rests solely with a lender and not ourselves. Primary Finance Group strictly arranges finance for businesses, most typically limited companies. We operate by arranging strictly non-regulated commercial finance for companies, therefore Primary Finance Group is not FCA regulated and we cannot consider regulated finance requirements including for sole traders or individuals.
© 2024. Primary Finance Group. All rights reserved. Website designed and developed by TOMD. Privacy Policy | Cookie Policy | Website Disclaimer
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