Neo Achieved Business Finance for Building Services Contractor through Playter, facilitated by Fiducia Commercial Network.
Background:
Fiducia Commercial Network, the UK’s fastest growing commercial finance Appointed Representative (AR) network, is the first AR network to sign an introducer agreement with Playter, the NACFB Patron business finance lender.
It’s common for network members to have clients with very specific requirements, and when Neo Business Finance received this enquiry, their access to Playter as an AR of Fiducia Commercial Network provided the most suitable client outcome.
The businesses:
Neo Business Finance
A leading business finance provider dedicated to helping customers achieve their goals by accessing a wide range of tailored finance solutions.
Playter
A fintech company specialising in innovative cash flow solutions that streamline funding processes and address the evolving needs of SMEs.
Both parties work across a diverse range of industries and help clients gain access to working capital and cash flow funding.
The Scenario:
The client, a prominent building services contractor, faced a common challenge in the industry: managing cash flow amidst ongoing projects. Despite a robust pipeline of work, the need to invest in materials and labour upfront often strained their financial resources.
Neo Business Finance, committed to getting the right deal to support the client and their business, tapped into Fiducia Commercial Network’s lending panel and found the solution with Playter, a newly joined lender to panel specialising in innovative cashflow solutions.
The result is the first Fiducia Commercial Network deal with Playter – and a great customer outcome for Neo’s client.
The Solution:
Product: Buy Now, Pay Later Cashflow Solution
Loan Amount: £360,000
Playter’s B2B “Buy Now, Pay Later” cashflow solution for SMEs emerged as a lifeline for the client. The innovative offering allowed them to spread the cost of specific invoices, easing the burden of immediate financial pressure and ensuring a healthy cash flow for the upcoming months.
Commenting on the partnership and successful deal, Playter said, “We are thrilled to have officially completed our first Fiducia deal with Gareth at Neo Business Finance Ltd. We’re confident this will be the first of many SMEs we’ll be able to help, thanks to our partnership with Fiducia.”
The collaboration between Neo and Playter proved instrumental in addressing the client’s cash flow challenges. Having access to Fiducia Commercial Network’s wide lender panel means the building services contractor could effectively manage their financial obligations without compromising project timelines or quality of work.
Speaking favourably of her experience with Neo, Emma Lopes, broker account manager at Playter, said, “The Neo team are fast with responses and a treat to work with, so glad to have them on board.”
Future Outlook:
The successful execution of this deal sets a promising precedent for future collaborations between Neo, Playter, and AR businesses within the Fiducia Commercial Network. This latest collaboration is the perfect example of what the network is here to help network members achieve.
Gareth Davies, Managing Director at Neo Said, said, “With this facility being such an invaluable cashflow tool to clients, we expect to transact plenty more of these deals with Playter in the future.”
Through strategic partnerships and innovative financial solutions, Neo and Playter set a great example of commitment to supporting businesses to overcome financial hurdles.
By leveraging the resources and expertise within Fiducia Commercial Network, they pave the way for sustainable growth and success for SMEs across various industries.
Click here to speak with Neo about your business financing.
About Fiducia Commercial Network
Fiducia Commercial Network is a commercial finance ‘Appointed Representative’ network created to allow independent firms to provide commercial property finance and trading business finance options to their existing client base and network.
Joining the network provides opportunities for professional brokers to offer a full range of commercial finance solutions by acting as an Appointed Representative (AR) with the full support of the Fiducia Commercial Network team.
The Fiducia Commercial Network membership includes FCA authorisation and reporting, PI insurance, and NACFB membership, plus business, compliance, finance, system, and admin support from a company with over 20 years’ experience in commercial finance.
If you’d like to discuss joining Fiducia Commercial Network or you’d like to apply to become an Appointed Representative…
Read Next: Playter Hits Significant Milestone as they team up with Fiducia Commercial Network.
For all media and marketing enquiries email Michelle at PR@fiduciagroup.co.uk
Lisa Pilgrim Appointed Fiducia Operations Manager
The Fiducia Group are delighted to welcome Lisa Pilgrim to Fiducia Commercial Network.Lisa joins Fid
Fiducia Commercial Network Announce Kalon Commercial Contract Extension
Fiducia Commercial Network is delighted to announce a two-year contract extension with Kalon Commer
Fiducia Commercial Network welcomes new Marketing Manager, Michelle Bateman.
Following a successful end to 2023, where the network team experienced rapid expansion, the commerci
