Clients should send us their monthly management accounts, ensure funds due to us are first paid into their client account and take a few minutes each week to update online a small amount of financial information. Helpfully, there are no financial covenants.
The training for Doorway Capital’s software was really straightforward and took less than 30 minutes. It takes me less than five minutes a week to refresh the data I am required to upload yet, if I make a drawdown request by 11.00 am, the funds are always in our account the same day.
Emma Robinson, PR Scully & Co.
Doorway Capital were always thoughtful and responsive when it came to drafting and negotiating documentation. Unlike traditional bank facilities, their facility agreement helpfully contains relatively few covenants and restrictions. It seems hard to believe but it took us just a few hours to conclude negotiating this agreement.
Martin Malone, Canter, Levin & Berg
Unlike many other lenders, there are simply no limitations on how funds advanced to us by Doorway can be applied, so it is entirely up to us how we choose to invest these funds. Doorway Capital’s online software tells us exactly how much is available to draw down on any particular day. When we make drawdown requests using this software, the funds are automatically wired back to us … the very same day. The facility provides Forster Dean with the ability to capitalise on the opportunities that will be created by the changes in the PI market in the coming years!