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Factoring from Skipton Business Finance
Why wait 30, 60 or even 90 days for your customers to pay your invoices? With a facility from Skipton Business Finance, you can get your well-earned money straight away. Not only that, unlike automated banks, we promise that you'll have access to a dedicated Relationship Manager who will know your business and your facility, inside and out.
What is Factoring?
Factoring is a flexible business finance solution, which advances money to a business as it issues new invoices and is probably the most common form of invoice finance in the UK. You can wave goodbye to waiting for 30 or even 120 days for your customer to pay!
How does it work?
Instead of waiting for all your customers to pay you, with our factoring solutions, we can advance you cash up to the value of 100% of your outstanding sales invoices. Our experienced and professional team will then take the responsibility for securing the payments from your valuable customers. You will also have the peace of mind that those customers are being dealt with by an industry-leading credit control team.
Why use Skipton Business Finance?
We pride ourselves in our flexibility and you can be assured that the facility you’ll receive will be bespoke to your business and, more importantly, customised to how your business then grows.
Our experienced team adopt a commercial approach to underwriting, putting your people and business at the forefront of our decision-making process. We never use a system-style scorecard and make each decision based on the individual merits of each and every business.
And the benefits don't stop there. When you become a client of ours you'll be pleased to know that we boast an extremely low client-to-staff ratio meaning that you will have direct contact with our experienced Relationship Managers.
Find out more
At Skipton Business Finance, we offer the following types of factoring facility:
Alternatively, we also offer a range of Invoice Discounting solutions.
We're here to help your business!
Being backed by one of the largest and most trustworthy financial establishments in the country (Skipton Building Society), it means we have cash ready to lend to SMEs up and down the country.
Get in touch by calling us at 0845 602 9354 or emailing email@example.com. Alternatively, we can call you back with more information; just fill in the handy form on the right hand side!