CBILS success for Construction Company
Sterling Capital Reserve received a referral from a High Street Bank to assist one of their clients, R W Brickwork Limited, as they were unable to support them.
R W Brickwork specialise in providing bricklaying and building services in Nottingham and they were looking for urgent working capital to meet immediate cashflow requirements.
Our Commercial Mortgage Consultant, Nic Rotton, worked with the client in reviewing the marketplace and determining the most appropriate funding solution to meet their needs.
Having considered the options available, Nic proposed an application to Funding Circle and a CBILS loan application was submitted,: funds were received the following week.
Wayne Hickling, R W Brickwork commented “I was impressed with how quickly Nic stepped in to help. He understood our situation and was able to deal with the lender and secure the funds; I was amazed at how quickly the funds reached our account and allowed us to refocus on the business. I will certainly contact Nic if I need any financial assistance in the future”
Nic commented “It was great to work with Wayne and support him and his business. The Funding Circle process ensured that we were able to secure the funds the client needed without delay, giving them a solid foundation for their business going forward,”
Sterling Capital Reserve is a ‘Business Champion’ to Funding Circle and has access to their CBILS offering, in addition to an extensive panel of alternative funders also offering CBILS loans.