Skipton Business Finance is always delighted to announce when new clients come aboard.
Our invoice factoring and invoice discounting facilities are proving especially popular at the moment as more and more businesses realise that bank overdraft and loan facilities are not the only methods of accessing external sources of finance.
Since our launch, we have funded a number of different businesses requiring finance for a whole host of reasons. Whether it is to provide more working capital, ease the strain on cashflow or to replace overdraft facilities, we find our flexible and friendly method of dealing with clients enables us to give them a personal service.
- Wholesale Drink Supplier
- £400k CHOCS facility
- Help clear overdraft and fund expansion plans
This client was looking for a CHOCS facility (see our extensive glossary of invoice factoring terms here) to firstly help them clear their existing overdraft and then fund ambitious growth plans. We are always more than happy to fund clients that have viable business plans and are aspiring for further success.
This facility will enable the Wholesale Drink Supplier to use their own established credit control system to chase for payments, whilst also getting access to quick and simple finance from Skipton Business Finance for their invoices.
Invoice discounting is the most popular form of invoice finance in the country in terms of cash funded.