Location: Newport, South Wales
Date: June 2022
Product type: Stock Finance
Facility Size: £340,000
Overview
A South Wales based textile business involved in the import and supply of slippers and dressing gowns to major UK departments stores needed assistance with the import of goods from China.
VB was able to put in place a £200k Trade Finance line which has subsequently been increased to £340k to ensure firm orders can be serviced.
Service
Having seen the relationship between our client and a major UK department store we were able to assist them in fulfilling orders.
Impact
Our facility ensured that the business continues to grow and can take on increased orders with confidence.