Today we can reveal the details of a new client that has transferred over to SBF from another invoice finance provider:
- Tooling Manufacturer
- £700k confidential invoice discounting facility
- Transferred from another invoice finance provider
This client required a confidential invoice discounting facility to help fund increased cashflow.
We were able to provide a bigger facility to the company who were being restricted by their previous invoice finance facility.
Skipton Business Finance benefits hugely from being an independent, meaning we can tailor specific invoice finance solutions to each client of ours.
We wish our newest client the best of luck for the future!
Flexible Invoice Finance
As we are an independent, we can afford to be flexible and this means we are able to fund many different types of business.
A lot of our clients have transferred from other finance providers to ourselves to benefit from our different ethos and attitude to providing funding.
And with the latest figures revealing that bank overdrafts and loans are being subject to more fees and term changes, it can make sense for businesses who have finance facilities reaching maturity to consider other alternatives.
Why not browse our website to find out just how the invoice finance facilities work.
BUSINESS FINANCE FACT - The number of UK and Ireland firms using invoice finance is expected to increase by 7% in 2013, peaking at 44,412.