develop. can protect its current operations while exploring expansion opportunities in new markets.

Introduction

develop. is a temporary and permanent recruitment agency in the technology sector.

Goals & objectives

To meet the day-to-day needs of running a business whilst exploring expansion opportunities during the coronavirus outbreak.

When we met NatWest Rapid Cash

From day one, the team at Rapid Cash have made everything as easy as possible for us to understand. Their platform integrates with our current tech suite which allows us to use the facility in real time. The Rapid Cash team are regularly in contact with us to ensure that we're using the facility in the most efficient way and continually ask for feedback on how to improve the product to fit our needs.

Results and Flexibility with Rapid Cash

Rapid Cash has provided us with the flexibility to draw down funds as and when we need it, allowing us to pick specific invoices and customers to borrow against. This allowed us to only pay for what we wanted to borrow against as opposed to other invoice financing solutions that would have charged interest fees based on the value of our entire debtor book or would have required us to use their funding all at once. The flexibility has provided us access to the most cost-efficient funding when we needed it. Therefore, we were able to keep costs down in a time where every pound was being scrutinised because we only had to pay interest on the money we needed.

Customer Service

Rapid Cash worked tirelessly with NatWest to provide us with as much detail as possible on all other lending options to educate us on which solution worked best for our business. The team at Rapid Cash worked with our relationship manager at NatWest to compare each lending solution and help choose the most fitting option that focused on cost-efficiency and flexibility, which was Rapid Cash.

Working Capital

Using Rapid Cash's facility limits, we were able to increase our staff base and eventual client growth by supporting our day-to-day cash flow.

See what Rapid Cash could do for you.

To be eligible for Rapid Cash you must be trading for more than 6 months, have an annual turnover of at least £100k and either be a Limited Company or Limited Liability Partnership in the UK. Additionally, you need to invoice other businesses and use one of the following digital accounting software: Xero, Quickbooks, Sage 50, Kashflow, FreeAgent and Netsuite. Security may be required. Product fees may apply.

Rapid Cash

Rapid Cash offers a modern line of credit unlocked by your unpaid invoices, offering greater flexibility and automation than most traditional finance facilities.