‍CLIENT SNAPSHOT

Furniture wholesale & manufacturing | £970k annual revenue | 2 years in operation
A premium rug wholesaler blending traditional Scottish craftsmanship with modern design. Serving businesses across the UK with bespoke pieces and wholesale supply. Team of 6-10, growing fast with increasing demand.

THE CHALLENGE

The business needed £60,000 to boost production capacity and manage rising order volumes. The fundamentals were solid - £971k turnover, £71k net profit, healthy EBITDA. But the director had a CCJ, no property for security, and only two years of trading history. Most lenders walked away immediately.

They had a small existing facility with iwoca (£12k outstanding) but the short repayment terms were restrictive. To scale, they needed longer terms and more capital.

WHY THEY CAME TO RISECAP

• Director came through Risecap's referral partner network
• Ambitious and hands-on, with clear expansion plans
• Needed working capital to accept new wholesale contracts with confidence
• Wanted flexibility on repayment terms despite limited personal security

The director was frustrated. The business was performing well, but personal circumstances kept blocking access to growth funding.

OUR APPROACH

We had to overcome three lender concerns: CCJ, non-homeowner status, and short trading history. Rather than focus on what was missing, we highlighted what was there:

• Strong financial performance: £71k profit on £971k revenue
• Positive trading momentum and solid EBITDA
• Real demand: wholesale contracts already secured
• Low operational risk with established customer base

We negotiated with a lender to take a debenture over the business assets instead of relying solely on personal guarantees. This gave the lender comfort without requiring property security from the director.

THE IMPACT

• £60,000 revolving line of credit for supplier payments
• Secured via debenture, not personal property
• Competitive rates despite CCJ and limited personal assets
• Funded within weeks

The additional capital immediately strengthened inventory levels and allowed the business to accept new wholesale contracts. Production capacity increased, and cash flow stabilised as they scaled operations.

"I received excellent customer service from Mo — extremely helpful, professional, and efficient in communication. Mo went above and beyond to assist me, and the whole process was smooth and stress-free. Truly appreciate the outstanding support!."

• Director

TAKEAWAY

Personal credit issues don't have to block business growth. Strong trading performance and the right lender structure can unlock funding when traditional routes fail.

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