From its base in Silsden, West Yorkshire, Snugpak manufactures and exports a range of insulated outdoor clothing and equipment. The company is particularly well known for its high-quality, low-weight sleeping bags, used by military forces around the world.
When Snugpak landed a $5 million contract to supply survival packs, the good news was tempered by very tight deadlines. Making the products quickly wasn’t a problem, but securing the finance to pay for such a large quantity of materials was much trickier. In fact, the company’s lenders were taking so long to arrange the funds that Snugpak was concerned about losing the order.
This was when Reward stepped in. We acted fast to provide the £450,000 in Trade Finance Snugpak needed to honour the contract. And our response made a big difference to the business. As Susan Parish, Managing Director of Snugpak, said: “We’re a growing company and proud UK manufacturer and exporter – and we’re indebted to Reward for helping us fulfil our order by providing funding to such tight timescales.”