This new start molecular diagnostics company needed some additional funds to purchase some healthcare equipment for their laboratory in Guildford, Surrey. With the majority of their working capital tied up in the rent & rates of the laboratory, they found WestWon who are a specialist finance company in the healthcare sector. After a quick chat with a member of the team, a quotation was sent to the customer the same day for their consideration.

The customer made WestWon aware that their repayments would be funded by a £250k Innovate UK grant as well as their own funding and with some additional security provided in the form of a director’s guarantee, WestWon were able to get the credit in place at a cheaper rate than originally agreed by the customer.

With the credit in place, WestWon met with the customer to sign the documents and worked with the supplier to arrange a delivery date for the equipment. Three weeks later and with the equipment delivered and installed, the customer signed off the certificate of acceptance and funds were released to the supplier in full.

Regardless of the age of your company, WestWon can assist in the funding of your healthcare requirements. We can work with a supplier of your choice, or we can recommend a healthcare supplier we have worked with in the past.