Global Asset Finance Limited refinance a £1.75M facility for a private ambulance service supporting the NHS

13/07/2020
Global Asset Finance Limited refinance a £1.75M facility for a private ambulance service supporting the NHS

Global Asset Finance are pleased to announce that last week we closed a £1.75M invoice discounting facility for an emergency / non-emergency ambulance service provider into the NHS trusts.

The business had previously been using a £1m facility with their existing lender. However due to a recent surge in demand due to the fight against COVID-19, their drawdowns had become limited, restricting their access to crucial working capital.

The private ambulance provider was introduced over the weekend of the and Global Asset Finance Limited was able to turn things around within a 5-day period to release funds the following Friday.

Global Asset Finance Invoice Finance facility will allow them to leverage further cashflow at a more cost-effective rate; a timely refinance to help the client and the fight against Covid-19.

Global Asset Finance Limited remains business as usual during the coming months.

Any enquiries, please reach out email: stephen@globalassetfinance.com

Categories: Invoice Finance Services