Bank overdrafts serve businesses well - that is a fact. We're not a company who will tell you otherwise.
However, as much as they serve businesses well, it's also a well known fact that the main problem with an overdraft is that it is repayable on demand and can be withdrawn at anytime. Also, the limit is usually fixed and, should more be required, you generally have to go through the whole application process again.
Now wouldn't it be nice if you could just phone up your Account Manager, explain why you need more funds, and get it authorised there and then?
With invoice discounting from Skipton Business Finance, this is actually possible.
- All of our clients get access to a Relationship Manager who will understand you and how your business operates
- Invoice Discounting can provide you more cash than an overdraft
- An Invoice Discounting facility will grow with your business
- There is no need to put up your home as security
- You retain full control of credit management
What is Invoice Discounting?
Invoice Discounting is a form of invoice finance which allows you to immediately release cash tied up in unpaid invoices, allowing you to put cash straight back in the business as soon as it has been earned. For more information on what factoring is and how it can work for your business, please go to our invoice discounting section.
Invoice Discounting is safer and more flexible
Invoice Discounting provides a much safer and more flexible funding solution for many businesses simply by providing certainty of contract (i.e. not repayable on demand) and increased funding linked to sales and not the historic financial performance.
Want to know more about Invoice Discounting versus a Bank Overdraft?
If you would like to read a more comprehensive article on why we feel invoice finance is so much more beneficial to your business than a traditional overdraft, please go to our blog section.
We’re here to help your business!
Being backed by one of the largest and most trustworthy financial establishments in the country in Skipton Building Society, it means we have cash ready to lend to businesses up and down the country.
Get in touch by calling us at 01756 694933 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!