Evercam Funded So Fast It Could Be Time-Lapse…
Posted by Seán Kennedy on 26th June 2018
When Evercam, a unique construction camera company, took on a number of exciting new contracts, they needed to raise working capital in time for the work to begin.
They turned immediately to Linked Finance for P2P business loan in order to raise the funds in time.
Evercam supplies time-lapse & project management cameras to the construction industry.
Their unique cameras allow remote security and project monitoring of construction projects. (See video below).
Construction companies install Evercam’s cameras in strategic positions, typically overlooking the area of a project.
The cameras allow builders to monitor their progress and catch any issues or mistakes which may arise.
Users can also create stunning time-lapse and live-streamed videos of their work to add to their portfolios, which are beautiful and thoroughly satisfying to watch.
Evercam’s products are used by a number of high-profile construction companies including Savills, SISK, and Green Reit.
Their popularity, coupled with the current boom of construction projects around Dublin, have brought a larger-than-normal influx of contracts for Evercam.
They needed cash-flow to support the stocking and installation costs required for new projects.
Knowing a bank would have taken far too long, they came to Linked Finance.
The funds were raised in just 1-second and Evercam had access to the funds just a few days after their initial application.
Evercam’s Director Marco Herbst says:
“Cashflow can be an issue as our service is provided as a SaaS platform where customers pay a monthly fee to use our services. Because of this, we needed to raise working capital to cover the cash-flow costs of upcoming projects.
The process with Linked Finance was quick and easy. We submitted the basic documents to describe our business, the loan was approved and we received the money. All within just a few days. The whole experience was a pleasure, especially in comparison to other forms of credit.”
If you need to raise working capital for upcoming projects like Evercam, Linked Finance can provide business loans to facilitate the cash-flow.