Interest-Free Invoice Factoring from Skipton Business Finance
Skipton Select is a unique Invoice Factoring solution from Skipton Business Finance that boasts full transparency of fees. Skipton Select is completely interest-free, with no annual renewal fees, no bank charges and no fees for BACS payments. All you pay is a simple service charge fee depending on what your turnover is.
Not only will you be able to enjoy the full benefits of an Invoice Factoring facility – such as a more consistent cashflow cycle that can help businesses meet weekly payroll obligations, pay for raw materials, pay upfront fuel costs, pay creditors, HP commitments etc – but also that the pricing for your facility is transparent and as clear as possible.
We know how hard expanding your business is so you can be safe in the knowledge your service charges will never drop down into a higher cost band if your forecast turnover fails to reach the expected levels. And if your turnover increases and qualifies for a lower cost band then a reduction in service charge will be applied at the annual review or even sooner.