Invoice Finance Arranged - Bark Supplier: £150k Factoring

Another business funded with a factoring facility!

Featured Business:

The bark supplier, based in the North West, had recently been turned down for a bank facility due to not having a long enough credit history.

Fortunately they learned about invoice finance and how such solutions as invoice factoring can prove very effective at unlocking the cashflow of SMEs that issue invoices.

We look forward to working with our new client and releasing their cashflow.

Alternative to bank funding

With more and more SMEs realising that bank funding is not the be all and end all when it comes to sourcing external credit sources, alternative solutions such as invoice finance are increasingly coming into the fray.

Invoice finance, which includes invoice factoring and invoice discounting, is an excellent way to quickly get the cash you’ve earned from your debtors.

With late payment culture engrained in UK business, many SMEs that work on a business-to-business (B2B) basis may not see the money they’ve earned hit their account for three or four months. This can severely limit cashflow and put the business on the back foot for long periods at a time.

Why not browse our website for more information on how invoice finance works. Or feel free to get in touch by calling our team of experts on 01756 694933, emailing us at info@skiptonbf.co.uk or using the form on the right hand side.