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.
In over ten years, we have funded a range of different clothing manufacturers in a variety of many ways and given access to funds through flexible invoice factoring and invoice discounting solutions.
Invoice factoring and invoice discounting facilities are essential for clothing manufacturers and helps enable to help manage day-to-day cash flow, purchase essential equipment, invest for growth and mitigate financial risks, both domestically and internationally.