The Challenge:

A construction materials supplier that specialises in plastering products faced a critical cash flow situation. Internal IT issues at some of their major retailers caused significant payment delays, leaving their business unable to pay for new stock. With dwindling supplies, their ability to meet customer demand was severely compromised and their market position was at risk.

Time was of the essence. They first sought out a loan from a traditional bank, only to learn that their lengthy approval process was far too slow for their urgent needs. After a quick Google search, they discovered Bizcap.

The Bizcap Difference:

When assessing the application, Bizcap identified that the business’s bank account had a dishonour against it. However after looking at the circumstances, we were able to offer a very short term Fast Business Loan of £30,000.

The 4-week loan gave the business breathing room to explore a longer-term funding solution whilst meeting their immediate cash-flow needs.

The business owner loved Bizcap’s approach, saying,

The communication was excellent, the process was straightforward, and there were no issues.

Additionally, the business owner took advantage of Bizcap’s early repayment discount, saving on the cost of funds when they repaid the loan off early.

The Outcome:

Thanks to Bizcap’s fast and flexible funding, the construction supplier was able to quickly replenish stock. The business owner highlighted that,

If it wasn’t for Bizcap, we would have been out of stock on a few products for two or three months

She explains that “in our kind of industry, not having stock opens doors to competitors and means we lose sales”.

With Bizcap’s support, the business was able to stabilise its operations, continue serving its clients without interruption, and focus on a long-term strategy to resolve ongoing cash flow issues.

Moreover, after the successful repayment of her first loan, the owner was able to secure additional funds for a longer term a month later, building on the strong relationship she had established with Bizcap.