Business funding facility for engineering firm

Business funding lets professional engineering services firm to take on more projects.

This is truly an amazing business which is on a strong upward business curve in the near future. We are happy to support companies with all different backgrounds. We believe in long-term working relationships and helping them to achieve their business goals. Joanne Ong, Business Development Manager at Bibby Financial Services Singapore

Independent SME funder Bibby Financial Services Singapore has provided a business funding facility which allows an engineering firm take on more projects.

A marine specialist with over 10 years of combined experience in the industry, the engineering firm was experiencing a period of rapid expansion. The company required business funding in order to have working capital in place to take on more projects.

The nature of the business is non-recurring, but it managed to secure a term contract to provide professional engineering services to a customer. The business funding package structured by BFS Singapore will support this engineering firm’s working capital requirement, and credit collection services.

Most importantly, the engineering firm is now able to take on more mid-sized projects without having to worry about cashflow.

Finally, BFS Singapore also provided advice on service report documentation to help the client minimise any potential dispute over the services provided to their customers.

Read about our business funding solutions.