New micro-SME Circular Group gets the edge on its competitors with guaranteed finance
Product: General Export Facility
By ensuring we could be a serious contender for a major project, it helped our business unlock multi-million-pound contracts, grow exponentially in a relatively short time, and create more jobs in the process.
Finance to beat the competition
We worked with HSBC to create a funding package for Circular with our General Export Facility – which provides our guarantee to the bank, helping the business access trade finance facilities. A £2.1 million package backed by UKEF meant that Circular could provide their customer with the advance payment guarantee needed to secure the contract.
Exports on the rise
Since winning the contract, Circular has gone from strength to strength, with plans to enter new markets and increase exports to up to 75% of its business. Its environmentally-friendly wet processing systems are helping to produce commercial grade sand from construction waste, safeguarding reserves of sand for future generations. With the right finance in place, Circular has the confidence and ability to meet demand for its products and take on new contracts.
Support for your company’s general exporting activities
Designed with SMEs in mind, our General Export Facility provides a guarantee to lenders, where finance is not tied to specific a export contract. It covers a range of facility types to help you invest in exporting.