Thursday 24 12 2015;
Starting a new business is fraught with challenges and pressures and anyone that has done it will probably say that the financial stresses are significant enough to put most people off!
In creating the new business just over a year ago we faced pressures around being able to ‘persuade’ funders and lenders to take a risk on the business and those that would offered such high interest rates that it made making a significant financial decision extremely difficult. We needed to find a partner willing to take the risk and Finance Wales worked with us to create a ‘pseudo-stocking’ facility to enable us to grow the business and support new customers with the provision of machines whilst enabling us to maximise our cash reserves.
The relationship with Finance Wales is now one year beyond our first deal and continues to develop positively.