TP24 supports telecommunication supplier with £300,000 to fuel business growth

Location: North England

Industry: Telecommunications Equipment Supplier

Revolving Credit Facility: £300,000

Our client

Our client specialises in providing videoconferencing and audio-visual meeting solutions for businesses.

The challenge

Our client is passionate and dedicated to expanding their business operations, yet they face the challenge of maintaining sufficient working capital to support their growth ambitions.

This brought them into the position of seeking external financial support that can address their immediate capital needs but also offers the flexibility to keep growing with them. 

The solution

We have been able to provide them with a £300,000 revolving credit line which is based on their debtors books. This vital working capital will empower them to expand their client base, invest in their marketing efforts and upgrade their internal structure.