We can reveal the details of a new client that has signed up for an invoice factoring facility with Skipton Business Finance:
- Electrical Contractor
- £30k Invoice Factoring facility
- Help fund business growth
The business, based in West Yorkshire, required an invoice finance facility to replace their bank overdraft, which could become increasingly expensive and inflexible in recent months, and provide them with a flexible external funding facility.
This facility will be run from our office in Leeds.
Improving economic picture
Recent reports suggest that fewer of the UK’s small businesses are in financial distress, with increasing business confidence contributing to strong growth.
However with fuel and energy prices remaining high and late payments still rife across many sectors, there are still threats to business cashflow which can really stifle ambition and hinder progress.
If your business has an SBF invoice finance facility, it can help quickly and easily release funds that could be otherwise tied up for 30, 60 or even 90 days!