Where flatpacks flounder and the use of plastic plummets, carpentry really stands out from the competition.
A company from Yorkshire that both designs and manufactures wooden solutions, secured a £150k Spotcap loan to bridge gaps in their cash flow, as they awaited lumbering payments from a large contractor.
The firm, which has been in business for 7 years, approached their accountant, who in turn referred their client to our fully unsecured offering. The company were cut out for a business loan thanks to their solid profit margin and strong revenue growth over the past year.
Let’s hope they can carve out an even stronger future.
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Originally published June 4 2018 , updated February 24 2020