Finance brokerage firm Go Commercial Finance is set to double in size after it saved a local ceiling company from collapse. The finance firm, based in the Vale of Glamorgan, helps local SMEs access finance even if they have been previously refused by their bank. They managed to get the struggling ceiling and building specialist a business loan of £40,000 paid in just four days.
The ceiling company required immediate funding in order to pay creditors, suppliers and staff wages. As they were behind with their VAT and PAYE payments, the company was finding it difficult to generate the capital and find a lender who could deliver the funds. Go Commercial’s expertise and understanding meant that the ceiling business will continue to trade, safe in the knowledge they can apply for additional funds when needed.
“Not enough is being done to help SMEs in the area and I wanted to step in and help where the high street banks had said no.” Says David Vieira, Managing Director at Go Commercial Finance. “We are looking to help raise awareness of the alternative funding options available to businesses across South Wales.”
Go Commercial Finance is a proactive broker that has spent many years building relationships with banks and alternative funding houses. They look to structure a range of deals to reach the desired objective rather than sticking to the one loan fits all mentality. “Just because you can approach the bank for their headline rate this may not be the most cost effective or tax efficient solution for their business”
“We are looking to increase our workforce from nine to 20 within the next six months.” continues Mr Vieira. “Our aim is to help more businesses across South Wales and the West grow by helping them find the best funding possible whatever their credit status and help them plan for their expansion by introducing them to our business mentors. We are aiming ourselves at the area of the market where business may have had problems in the past, either personal or business”.