Sector:
Agriculture
Location/Area:
South West
Funded/Service:
£1,000,000 Confidential Invoice Discounting Facility
Benefit & Reason:
The business needed additional funding due to significant growth and slow payment of existing customers. The funding line enabled the business to grow without cash flow worries, and it also provided assistance in terms of credit control and helped the business become more efficient with administration going forward.
What is Confidential Invoice Discounting?
It allows you to continue to deal with customers yourself as normal. This means your customers will not know you are using an invoice finance facility.
As with all Invoice Finance products, Invoice Discounting bridges the gap between completing work and getting paid. It is suitable for businesses with a strong credit control process and a suitable accounts package. It allows you to free up cash to grow and attract new customers simply.