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The Challenge
A Stoke-based manufacturing business was struggling with an invoice finance facility that no longer supported its growing working capital needs.
Despite approaching another broker and receiving two sets of indicative terms, the customer was left disappointed with the options on the table.
The Solution
Following a recommendation from a shareholder who had previously worked with Debbie O’Grady, Structured Finance Director, the business reached out to PMD to see if we could deliver something better, and we did.
Debbie leveraged her knowledge of our lending panel and strong negotiation skills to deliver a solution that truly worked for the customer: a £750k invoice finance facility with significantly improved terms.
The Result
The new facility didn’t just meet the customer’s expectations, it exceeded them. With the agreement in place, the customer saw immediate cost savings due to the lower pricing secured by PMD.
They were also able to restructure their security, which provided them with more favourable director security, a critical requirement for the business.
“This case is a perfect example of how our expertise and relationships help businesses unlock better opportunities. At PMD, we don’t just find finance, we find the right finance”