Reward Finance Group’s Manchester office has reached its 100th deal by helping Care at Home Group (CAHG) to recruit an additional 80 carers to cater for the increased number of patients being discharged from hospitals to free up beds.
Carers’ Week 2020
The new recruits will add to CAHG’s current team of 100 carers, who visit and look after customers in their own homes around three times a day.
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Normally, CAGH, which operates across eight local authorities in the North West of England, is given three days’ notice about a new patient being discharged but, in some areas, this dropped to just three hours following the Covid-19 outbreak.
To enable the company to recruit and train the new carers within such a rapid timescale, it has received a sizeable short-term working capital injection from Reward Finance Group.
Karl Jacobie, managing director of Care at Home Group, said: “Recruiting 80 new people, in such a short timescale, can put enormous strain on cash flow, due to the cost of advertising, training and staff expenses, as well as having to pay their first wages before being paid ourselves.
“We knew the banks would take too long to sanction the funding, so it was recommended we contacted Reward Finance Group in Manchester.
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By GlobalData“Reward was straight on the case to get to know our business and background. They understood fully what was required and the funds were provided to us quickly.
“This enabled us to meet the challenge we were set and provide the expert care required in the various communities.”
Nick Smith, group managing director of Reward Finance Group, added: “Karl’s company is typical of many of the companies we help with funding. Insofar as they need additional working capital requirement to help grow their business, whether that is to win and complete a new contract, take advantage of an opportunity to buy new equipment, or in this case, almost double the workforce in a very short timescale.”
100th deal signed: (from left) Paula Jones (Reward), Karl Jacobie (CAHG) and Nick Smith (Reward)
