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Case study: New client won after working capital funding

Introducer

Mike Cass in case study
Dec 06

Loan Type: Working Capital Loan
Amount: £100,000
Lender: Funding Circle
Time to Approve: 7 days

 

“If I’m recommending something to a client, I need the confidence they can deliver. From Day 1, I knew Capitalise could deliver and help the needs of my client. With Capitalise, they were very transparent and always kept me updated. Everything ran like clockwork.“


Jon Housley, Hannage
Jon Housley headshotHannage Business Accountants logo

 


What was the challenge?

One of Hannage’s contacts runs a design agency that had a very successful year and needed to settle a large corporation tax liability. At the same time they were restructuring their team, and management were focusing on new projects.

They needed to efficiently access additional funding for their end-of-year tax bill and did not know who to turn to; they had talked to their High Street bank, who offered a very expensive solution which included onerous guarantees.  

 

Result

Capitalise’s partner, Hannage, had known the business owner for a long time but they were not yet a client. Hannage’s Managing Director, Jon Housley, was approached by the design agency to discuss if his team could help find a better funding solution.

Jon mentioned Capitalise and began the process on behalf of the SME - after answering some basic questions about the business, Capitalise enabled Jon to apply for 4 different loans that best suited the business. Funding Circle soon got in touch,  requested some recent bank statements & accounts, and within 7 days after their application, Funding Circle approved a £100,000 working capital loan. Hannage used this process to gain the business as a new client.

“Our client were really impressed by the speed of the process and how well-informed they had been by Capitalise’s team. Becoming a Capitalise partner has expanded our service offering into such a key area for SME’s - it enabled us to win a new client we had been chasing for years.”

 

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