Category: Success Story

Supplier Finance – this “top up” funding has transformed our business…

“When we hit our bank funding limit, we thought we’d have to turn down orders…then we discovered Supplier Finance, which transformed our business”… When this Electronics Goods Importer  won a large order from a key customer, they approached their bank for additional finance to pay suppliers.  They already had bank finance including invoice discounting, overdraft and term loans.  It was then they realised they’d reached […]

Invoice Discounting for start-up business after bank says “no”

“When our bank couldn’t offer us Invoice Discounting, we didn’t realise there were other lenders willing to support us”. When the owners of a start-up confectionery business went to their bank for Invoice Discounting, it never occurred to them that they wouldn’t meet the banks’ lending criteria.   Although they were only trading six months, they had secured a contract to supply to a major buying group and there was […]

Invoice Finance for SME declined by a bank

SME declined for invoice finance by bank….alternative funder steps in. This newly established company was formed in March 2015 when two lads  spotted an opportunity to import energy drinks  into Ireland.    Their products eventually got listed with a major supermarket chain in January, however this key customer  demanded 90 days credit.  They quickly realised they would need working capital to fund  the gap […]

Invoice Finance – funding for a fresh start

Invoice Finance – fast funding in 7 working days This newly established company was incorporated in December 2015, after a long-established food wholesale business ceased to trade due to lack of management and legacy debt. Two savvy businessmen saw an opportunity and took over the client base, the lease on the building and – importantly- […]

ELECTRONIC GOODS IMPORTER

“We’d looked everywhere and had really hit a wall – but somehow Clancy found a solution that worked perfectly for us.” ELECTRONIC GOODS IMPORTER, TURNOVER €4M The Problem: Needed to fund a confirmed order, at limit with bank. This established business won an order from a blue chip debtor, to supply goods for the Christmas […]

MEDICAL DEVICE EXPORTER, TURNOVER €2.2M

“I was amazed how quickly Clancy was able to arrange funding – we had money in our bank within days” MEDICAL DEVICE EXPORTER, TURNOVER €2.2M The Problem: Needed cashflow to “fund the gap”, outside lenders criteria This business specialised in exporting medical devices, to international customers. Their customers require extended credit, but they had to […]

TRANSPORT BUSINESS, TURNOVER €800K

“Our funder was very difficult to deal with. However, Clancy found us a great funding partner – now we get cash in 24 hours and we know exactly where we stand”. TRANSPORT BUSINESS, TURNOVER €800K The Problem: Unhappy with existing funder, looking for alternative lender This family run business had an Invoice Discounting facility but […]

MEAT BUSINESS, TURNOVER €5M

“After a tough few years, it was great to get a decent offer on the table. Thanks, Clancy” MEAT BUSINESS, TURNOVER €5M The Problem: Poor financials, turned down by lenders. This family run business were using Invoice Discounting and unexpectedly got a termination notice from the funder who wanted to exit the facility. Having successfully […]

FOOD PROCESSING COMPANY , TURNOVER €7M

“Our back was completely against the wall – Clancy got us a fantastic offer of finance, which was a real game changer”. FOOD PROCESSING COMPANY , TURNOVER €7M The Problem: Business turnaround, looking to refinance. This business had an Invoice Discounting facility of €1.5M from the bank. The business was restructuring, having experienced a decline […]

TELE SALES COMPANY, TURNOVER €2.5M

“Clancy got us a much better deal that really allowed us to get maximum cash from our debtors ledger.” TELE SALES COMPANY, TURNOVER €2.5M The Problem: Single debtor concentration, funding restricted. This business had one key customer representing 90% of turnover. They were owed €600K and had an Invoice Discounting facility. However their key debtor […]