Lutterworth-based independent commercial finance brokerage Embark Finance has completed a debt financing deal for a start-up business in a record-breaking seven days.
The Manchester based recruitment firm specialises in providing full-time and temporary nursing care workers and was looking for finance to fund working capital into the business.
An Embark client and mutual contact referred the recruitment company’s owners to Embark Director Richard Keenan, who explains:
“The initial requirements were discussed, and we quickly identified a potential funder for the business. Discussions and negotiations followed, and seven days later, the funds were released and the deal completed.
“At a time when sourcing and securing external alternative finance continues to be challenging for SMEs, particularly start-ups, we are particularly pleased that we were able to arrange the finance, and in just seven days from start to finish.
“The deal is an excellent end to January for all involved and a good reminder that recommendations and referrals continue to be one of the best ways to work.”
Embark Finance is an independent commercial finance brokerage within the invoice finance, factoring, asset and trade finance arena. The firm specialises in raising working capital by leveraging assets within a clients’ business and has a proven track-record of providing relevant solutions to a business’ individual needs.
