Skipton Business Finance has pledged £15million of cash to support owner-managed businesses in Teesside.
The fund, backed by parent company Skipton Building Society, has been set aside for service, manufacturing and distribution businesses that have felt the brunt of a reduction in borrowings from clearing banks despite government initiatives designed to stimulate lending. Our credit policy is as much about the people behind the business and the quality of the product or service provided as opposed to concentrating purely on the current financial performance of the applicant. Skipton Business Finance Limited, founded in 2001, has a proud history of funding UK enterprises with an array of invoice finance products, ranging from factoring to confidential invoice discounting.
It can also offer cash through the Government-backed Enterprise Finance Guarantee Scheme.