Thought I'd share a recent success story.
The client, a small Yorkshire-based craft distillery, has been creating exceptional organic gin, rum, and vodka since 2018. Recently, they secured a contract to supply one of the UK's largest wholesale distributors. However, the 60-day payment terms posed a significant cashflow challenge.⏳
Initially, the client approached some of the more established lenders, but the complex funding options and restrictive terms were a deal-breaker. That's when they turned to Hydr, which we're very glad they did.
Here's what made the difference:
🔹 Freedom to choose which debtors they fund
🔹 No personal guarantees or charges taken over the business
🔹 No lock-in contracts
🔹 Access to fast funding, and an easy to manage digital platform
The outcome:
🕔 Signed up at 4:30 PM on Thursday
🕙 Account fully set up by 10 AM on Friday
📞 Debtor verified Monday morning
💰 96.5% of the invoice value (£5000+) in the client's bank account by 1:20 PM the same day
At Hydr, we believe in empowering businesses with flexibility and simplicity, so they can focus on what they do best. In this case, that's crafting outstanding spirits, I'll raise a glass to that!
#ClientSuccess #InvoiceFinance #BusinessGrowth
Care Advisor within the UK Care sector and carers champion
1wFantastic, showcasing so many businesses. Really talented artists and makers. A superb venue .