Teamwork makes the dream work – how we secured funding for our client

Our final case study in this round of Backing British Businesses highlights the relationship between our Newable Finance team and the lenders we work with in order to secure funding for our clients.

Optimum Finance funding

At Newable, we understand that every business is different. That’s why we have a range of financial products and services to help businesses meet their needs.

Newable Finance, our in-house brokerage, works with an extensive panel of lenders to deliver brokered finance solutions to improve cash flow, spread the cost of expensive equipment and fund property transactions and development.

Our growing team of experienced advisers provide support to SMEs of any size, in any sector, with a range of products including business loans, invoice finance, asset finance, commercial mortgages, development finance and life insurance.

When securing finance for our clients, our finance advisers use their knowledge of the market to find the best deals and this sometimes includes working in partnership with a lender.

We recently partnered with Optimum Finance to help secure funding for a client.

Partnering with Optimum Finance

When it came to finding a partner to help secure funding for a client, Helen Wheeler, Senior Finance Broker at Newable Finance, didn’t hesitate to reach out to Optimum Finance.

Optimum Finance is a specialist invoice finance company based in Bristol. The team utilise a relationship led partnership supported by innovative technology to offer a range of flexible funding solutions which grow alongside clients’ businesses. Their products include invoice discounting and factoring as well as access to a dedicated credit control team.

Kelvin Thomas, Regional Director at Optimum Finance comments, I’ve personally known several members of the team for many years, understanding fully their knowledge and professionalism. They are trusted partners that you can engage with and we fully value the input and ongoing communication they provide.

“The partnership with Newable provides an opportunity to meaningfully engage with SMEs and deploy Optimum Finance’s solutions for their benefit. Newable are ideally placed with their experienced team and market knowledge to join the dots.”

The client

Our Newable Finance team were approached by a business who sell plastic drainage and plumbing products.

With light at the end of the tunnel, with respect to COVID and the economy beginning to improve again, the client had a clear line of sight about returning revenue levels, but was restricted with their current funder.

The client was unable to generate the working capital needed to fund the returning sales. Optimum Finance were able to structure a facility that gave them exactly what they needed to trade in confidence.

Funding secured

Helen provided the initial brief with good quality, upfront information. She helped identify the key areas so the lender, Optimum Finance, could focus on what was necessary to help.

Her extensive cash flow finance knowledge and experience was a great help to Optimum Finance during the process, as the team used her as a sounding board to find the best solution for the client.

We were able to secure the client a facility of 175k in a matter of weeks, thanks to Optimum Finance, allowing the client to sustain themselves.

Knowing the Team at Newable well helps enormously with the understanding and communication of client requirements. Their experienced, knowledgeable team are able to clearly structure and communicate the requirements and aims of businesses seeking funding. This allows us to tailor a facility with each business in mind to ensure that client gets the best possible value from their funding. They’re great people to engage with.

Kelvin Thomas, Regional Director, Optimum Finance

We are here to help

If you need funding for your business, we can help. Our finance specialists have an in-depth knowledge of the market and can help you find the right finance solution for your business.

Find out more about our funding solutions here.