Skipton Business Finance is delighted to announce it has a new client on board, which had its facility increased by an EFG loan
- Fencing Manufacturer
- £1.02 million invoice factoring facility
- Fund increased cashflow
This client required an invoice factoring facility to help increase their cashflow and provide them with their own credit control team at SBF, who chase up payments from their debtors and ensure cashflow remains high.
And with their facility topped up by an EFG loan, they are now in a position to take on bigger and more lucrative contracts together with growing their company across the UK.
We wish them every success!
Enterprise Finance Guarantee scheme
Skipton Business Finance is proud to be part of the Government’s Enterprise Finance Guarantee scheme.
The Enterprise Finance Guarantee is a facility for small businesses intended primarily to improve the availability of working capital through term loans and the consolidation of overdrafts. It also supports lending for business growth and development in cases where a sound proposition may otherwise be declined due to a lack of security.
Skipton Business Finance is part of an exclusive list of invoice finance lenders granted approval to lend using the Enterprise Finance Guarantee scheme.