This client provides arable farmers with innovative solutions to field cultivation problems.
‘For growing companies, GapCap performs a useful function. Being able to offer our customers tailor made payment terms is a really useful tool. Our cash flow benefits, whilst at the same time satisfying our customers’ requirements.’
Richard, MD of our client.
Our client’s primary customer only offered 90 day payment terms, which became a serious restriction on growth. The client was in a position whereby he wanted to transact on 8 machines over the first quarter but, due to his end debtor paying on 90 day terms, could only realistically facilitate 5 transactions. Thus he sought GapCap’s help to enable the business to reach its targets and continue its growth.
GapCap stepped in and helped facilitate the purchase of 8 machines in the first quarter of this year, allowing our client to smash their targets and continue to grow. The figures speak for themselves, GapCap helped our client to exceed his revenue projection for Q1 2015 by 60% by allowing the cash flow for 3 additional high-value sales.
The GapCap solution proved so popular with this client that it was used almost weekly during Q1 of 2015 and there is more to follow over the horizon.