Five-figure finance deal secured for workwear supplier
Reach Commercial Finance’s Phil Trueman has just secured a five-figure finance deal for a Midlands-based supplier of workwear, uniform and safety wear.
“Having taken out the maximum amount available from an existing funder, Simply Uniform, in Derby, required working capital to ensure that it could fulfil large orders placed by a local emergency services provider.
“As a leading independent finance brokerage, Reach was recommended by the company’s existing funding partner, as it was unable to authorise a further loan facility.
“So, after obtaining a thorough understanding of the amount required, we were able to source a lender, from our extensive contacts, who was comfortable with the business and the repayment security it offered.
“Barry Dillon, regional director of Together Money, delivered the specialist finance facility.
“As a busy and ambitious owner-operator, Simply Uniform’s Managing Director Matthew Harrison trusted – and therefore relied upon – Reach Commercial Finance to manage all elements of the transaction, including legal liaison and getting the lender over the line."
Matthew commented: “Our business is still relatively young and prior to it I was a part owner in a family business for over 20 years that unfortunately ceased trading.
“As such I have met and dealt with quite a few people over the years from the banking and financial world, but I must congratulate Phil on his professionalism throughout our dealings and more importantly his empathy and no-nonsense approach which was very well received.
“He has gone way and above what I would have expected and cannot rate him highly enough.”