January 29, 2020
"I've been impressed with Funding Options. They took the time to really understand our requirements and have connected us with funding providers who have taken a commercial and flexible approach. I have recommended them on several occasions and will continue to do so."
We helped recruitment firm fdu unlock a complex combination of funding using invoices and a personal pension.
fdu are industry leaders in executive search and recruitment dedicated to Finance professionals. With both stock exchange-listed big names and innovative SMEs in their client book, the motto 'Committed to growth' sums up their way of doing business.
fdu approached Funding Options to explore what flexible invoice discounting products were on the market to support their continued growth. They had secured terms with standard bank products, but these were much too rigid and particularly unsuited to the structure of the company — which specialises in providing both permanent and temporary placements.
We worked with the owners to understand what product would match the business’s service, and introduced fdu to an alternative invoice finance provider that offered a simple and transparent facility in a very short period of time. This allowed the business owners to move forward with their growth plans and concentrate on what matters the most — the running of the business!
Eight months later, David and business partner Adam were looking to take their growth to the next level, and got back in touch with Funding Options. David had read about pension-led funding, and thought it could be the right fit for the long-term plans of the company.
Pension-led funding allows you to use the money in your pension to lend to your business — so the business gets the funding it needs, and repays the pension with interest. That means David could see both his business and his personal pension grow.
fdu have gone from strength to strength since unlocking the funding from David’s pension — showing that alternative finance was the right fit for their dynamic business not once, but twice.
Discover more about how pension-led funding could help your business here.GET BUSINESS FUNDING TODAY
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Hoverdale makes world-class hard metals and wear-resistant products for the mining and manufacturing industries. For more than 40 years, they’ve been the industry leaders in hard-wearing conveyor belt equipment – Hoverdale’s metals proved more reliable than anybody else’s and took the business from strength to strength.
"The process was seamless and happened really quickly. It was a lot more streamlined than the painful bank processes where you’ve got to provide two to four years of books and jump through seven or so hoops. As soon as I told Funding Options what I needed it was like – bang! Here’s your card and your account and away you go."