Today, we take a look at the successful Enterprise Finance Guarantee (EFG) scheme in which Skipton Business Finance is an approved lender. Since its inception in November 2008, we have funded dozens of SMEs with EFG loans in tandem with our specialist Invoice Finance facilities such as Invoice Factoring or Invoice Discounting.
Skipton Business Finance News
The business, based in the West Midlands, had been struggling with their cashflow, as late payments from debtors and the increasing prices of raw materials have both hit hard in recent months.
The new company, based in Leicestershire, had suffered from an inability to gain access to a bank facility, which had contributed to cashflow problems for the business in its early days of trading.
The firm, based in Buckinghamshire, required an invoice discounting facility to ensure that cashflow remained healthy, following issues it had been having with customers taking longer and longer to pay.