A 40+ year old haulage company based in Grimsby required invoice finance to maintain cashflow for the family business.
Here at Skipton Business Finance, we are highly experienced in funding business that are mature and who may have well-established functions already in place such as a credit control team.
The business in this case was established over 40 years ago and began its partnership with Skipton Business Finance almost 10 years ago. The business-owners were looking for a flexible funding solution which would allow them to maintain growth and relieve cashflow pressure.
We were able to fund the business with an £700,000 Invoice Discounting facility topped off with an EFG loan worth £30,000.
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At Skipton Business Finance, we offer the following types of Invoice Finance:
- My White Label
- Disclosed Invoice Factoring
- Recourse Invoice Factoring
- CHOCS Invoice Factoring
- Confidential Invoice Discounting
- Disclosed Invoice Discounting
- Recourse Invoice Discounting
- Invoice Discounting for Small Businesses