The client is a company that designs, calculates and manufactures customised constructions. This includes static and dynamic structures of steel, stainless steel and aluminium.
They are active in various industries such as Offshore and Crane Building, Industrial and Utility Sectors, Architecture, Infrastructure, Equipment and Attraction Building and Shipbuilding and Yacht Building. Their goal is to keep their customers satisfied by providing high quality and craftsmanship.
The financing needs of this company
The company is a major national and international provider of sustainable and innovative construction solutions.
Over the years, the company has grown rapidly by successfully winning more and larger contracts. These project deliveries are often invoiced in partial instalments.
With these kinds of large projects, there is a peak in the credit requirement because the materials have to be purchased in advance, and additional staff is also hired from qualified partners. All suppliers, naturally, want to be paid on time.
In order to meet this large working capital requirement, they started looking for a solution to finance this large project.