Asset Finance & Credit Facility – Quickfix Profiles Limited

The Goal:

Quickfix Profiles Limited, a newly acquired business in the drywall solutions sector, had ambitious plans for growth. Their goals included:

• Supporting a recent business takeover.
• Meeting the demands of a projected sales increase.
• Funding high-value machinery purchases essential for production.
• Expanding their operational site to scale effectively.

However, the business faced challenges due to low revenue from the previous year and operating in a high-risk industry with a relatively untested product.

Challenges:

Securing finance proved difficult because:

• The company was a relatively new entity in a high-risk sector.
• They required funding for expensive machinery with long lead times.
• Mainstream lenders were reluctant to provide support.

Client Feedback:
“Securing any sort of finance from mainstream lenders was practically impossible. The machinery we required was expensive, and lead times were long.”

The RB Finance Solution:

RB Finance crafted a tailored financial package to address Quickfix Profiles’ unique needs:

• Asset Finance: Enabled the purchase of essential machinery.
• Unsecured Loan: Provided cash flow support and covered the machinery deposit.
• Termed Loan: Funded the site expansion required for increased production.
• Credit Facility: Established for stock and additional machinery, allowing flexibility without penalties for early settlement.

Results Achieved:

RB Finance’s innovative approach allowed Quickfix Profiles to:

• Secure the high-value machinery needed to meet production demands.
• Expand their site to accommodate projected growth.
• Maintain cash flow stability during a critical expansion phase.
• Access a flexible credit facility for future needs, ensuring financial agility.

Client Feedback:
“RB Finance took the time to understand our business and requirements. They came through with different finance options and helped us secure the best deals. The experience was great, and I highly recommend them to businesses with complex needs and requiring out-of-the-box thinking.”

Key Contributor:

• Mark Squires
  “Mark was an absolute star. He took the time to fully understand our needs and secured financing that has allowed us to grow beyond all forecasts and expectations.”

Client Recommendation:

“RB Finance is an excellent partner for businesses looking to secure finance, especially for those with complex requirements. Their innovative approach and dedication to finding the best solutions made all the difference.”