“Without the speed and flexibility of funding released through the InvoiceFair marketplace platform, we would not have been able to deliver our orders on time for our customers.”

Liam Fallon, Managing Director, Bridgeway Engineering Ltd
Summary:

Bridgeway Engineering Ltd is an Irish engineering company specialising in the manufacture of steel products. The Company’s business has grown rapidly over the last two years. To fund this growth, they required a finance partner that could understand their business and structure a working capital solution to meet their needs at every stage of their supply chain.

  • Pre Purchase Order Call Off
  • Post Purchase Order
  • Upon shipment - Invoice raised
The
Customer:

Bridgeway Engineering Ltd is an engineering company based in Co. Offaly, Ireland. They specialise in the manufacture of steel products.

The
Challenge:

The Company explored their funding options with the pillar banks and traditional invoice discount providers. However, no-one could deliver a suitable funding solution and each provider required traditional collateral security.

Overcoming
The
Challenge:

In contrast, InvoiceFair presented the projects to their pool of funders and provided The Company with access to the working capital as required, based on the initial signed contracts, as purchase orders were raised and when the goods were shipped.

 

Result:

The Company was able to access the required working capital finance at each stage of the supply chain without providing security and personal guarantees.

A small SME based in Co. Offaly, Ireland as has been able to compete and win business on the international stage

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