Businesses with single debtors are often looked upon as being unreliable and not worthy of credit, yet on many occasions, having just one debtor could be because the debtor is a massive multinational or due to the signing of a lucrative exclusivity deal.
Challenges with Single Debtor Businesses
Problems for single debtors mainly occur as a result of credit providers having poor perceptions of companies who have just one debtor on their books. Many invoice financiers and banks indeed will not lend to single debtors at all, even if the company is well-established and has a terrific profit history. Therefore growth can be very hard to achieve for single debtor businesses.
What SBF can do
Skipton Business Finance prides itself on being a very flexible invoice finance provider. We don’t use a scoreboard system nor will we rule out any business for getting funding until we have had a good look at it. Coupled with this, we are a pioneer in understanding the future potential of their clients and have enjoyed great success working with a variety of UK businesses that, when given access to additional working capital via business finance facilities such as factoring or invoice discounting, go on to flourish and reach their true potential.
How SBF do it
We strive to deliver flexible invoice finance, such as factoring or invoice discounting, that grow with the business of the client and our entire sales approach is shaped around this philosophy.
In over ten years, we have funded businesses in and given access to funds to grow in line with their sales meaning that the solutions we provide are more flexible than a traditional bank overdraft.
This means that the factoring and invoice discounting facilities we provide, are the fastest growing alternatives to a traditional bank overdraft.
Almost £15 billion worth of cash was advanced up-front to clients using factoring or invoice discounting facilities in return for their unpaid invoices in 2010, up from £13.6 billion in 2006.
Get in touch with us!
It’s easy to unlock the money you have tied up in unpaid invoices. Just call us on 0845 602 9354 and one of our award-winning team will be able to guide you through the process. Alternatively, fill in the quick quote form on the right.
