TP24 funds PR company with £250,000 Revolving Credit Line

Location: South West England

Industry: Public Relations

Revolving Credit Facility: £250,000

Our client
Public relations and communication advice for the public sector.

The challenge
Our client has been unable to find a funding solution that allows them to draw down large proportions of their debtor book in a non dilutive manner. 

Previously, our client used an invoice financing facility a number of years ago. While they liked the basic premise of the product, they found it incredibly difficult to exit and operate due to administrative burdens.

The solution
TP24 has been able to provide a facility that will serve as an easily accessible credit line, primarily for managing end of month wages and facilitating project costs.