Case Study - £300K Car Body Repair Company Funded
Car body repairers are one of the more niche sectors that can be highly suited to using funding against unpaid sales invoices. FundInvoice have just found funding for a repairer that was turning over £300,000 per annum, with insurance companies, for car repairs.
The sector is highly suitable as there is normally a signed approval from the insurer, against which it is easy to get funding.
The deal was completed without the need to take a debenture over the assets of the company and without the directors having to give any personal guarantees.