Skipton Business Finance differs from many other finance providers in that it is independent. We are not run by a bank and therefore can afford to be flexible with the solutions we offer.
The invoice finance solutions we provide, which include invoice discounting and invoice factoring facilities, often prove to be better suited to small businesses and SMEs than other external methods of funding such as bank loans or overdrafts, as we can tailor a bespoke facility individual to your business' needs!
Whilst the economy continues to labour, we believe that the UK’s smaller businesses will prove crucial to the UK’s recovery. Therefore we are always delighted to be able to fund smaller businesses, the engine room behind the economy!
We often find that clients transfer over their facility to SBF, as our terms and the amount of cash we can fund tends to be higher than our competitors.
Today we can reveal the details of another new company switching over their facility from a competitor to ourselves:
- Lighting Supplier
- £375k Confidential Invoice Discounting facility
- Fund increased cash flow – transferred from competitor
This client required an invoice discounting facility with increased cashflow, to match their growth needs. We were only too delighted to be able to provide them with a facility to match their requirements.
We wish our newest client every success in the future and look forward to seeing them grow!
As of 2010, cash funded through invoice discounting was almost £180 billion and the manufacturing industry accounted for a large number of clients using this flexible facility.