Here at Skipton Business Finance, we take pride in looking after and doing the best we can for our current clients, as well as newcomers.
Our invoice factoring and invoice discounting facilities prove popular facilities with SMEs and owner-managed companies, which help improve cash flow as well as fund ambitious growth and expansion plans.
Over the years, we have funded a wide range of businesses from many different sectors; from hauliers to recruitment agencies, clothing manufacturers to precision engineering companies, complete new starts to well-established businesses and market leaders.
- Driver Recruitment company
- £60k CHOCS facility
- Help fund increased cashflow
This client was looking for a CHOCs facility (see our extensive glossary of invoice factoring terms here) to give them increased cashflow. This facility enables the Driver Recruitment company to use their own established credit control system to chase for payments, whilst also getting access to quick and simple payments from Skipton Business Finance for their invoices.
As of 2016, cash funded through Invoice Discounting was almost £180 billion and the manufacturing industry accounted for a large number of clients using this flexible facility.