Interest-Free Invoice Factoring from Skipton Business Finance
Skipton Select is a unique Invoice Factoring solution from Skipton Business Finance that boasts full transparency of fees. Skipton Select is completely interest-free, with no annual renewal fees, no bank charges and no fees for BACS payments. All you pay is a simple service charge fee depending on what your turnover is.
Not only will you be able to enjoy the full benefits of an Invoice Factoring facility – such a more consistent cashflow cycle which can help businesses meet weekly payroll obligations, pay for raw materials, pay upfront fuel costs, pay creditors, HP commitments etc – but also that the pricing for your facility is transparent and as clear as possible.
Below is an outline of Skipton Select costs:
We know how hard expanding your business is so you can be safe in the knowledge your service charges will never drop down into a higher cost band if your forecast turnover fails to reach the expected levels. And if your turnover increases and qualifies for a lower cost band then a reduction in service charge will be applied at the annual review or even sooner.