Bad Debt Protection

It protects you in the event of your customer ceasing to trade.

Shire Invoice Finance employee working in an office
Shire Invoice Finance employee working in an office

Bad Debt Protection is an additional product that can be added on to an invoice finance facility.

It protects you in the event of your customer ceasing to trade. The cost of the product is included within the invoice finance agreement, usually making it cheaper than a standalone credit insurance facility.

Having Bad Debt Protection can give you peace of mind to know that the business will not take a hit in the event of a customer ceasing to trade. This means you can focus on growing the business without worrying about customer failure.

How Bad Debt Protection works

Bad Debt Protection is a product most invoice finance providers offer on the back of their facilities. In most cases, the business owner would have the choice to pick which customers they would like to protect through the facility. In some cases, the lender would insist that all customers would be protected.

The product will typically cover up to 90% of the balance of the bad debts for you. If you have worries about payment from certain customers, or you bring new customers on, you can get the protection against them.

To see your Bad Debt Protection options, use our FREE quote form.

 

Benefits of Bad Debt Protection

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Covers the business in case of customers ceasing to trade.

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Gives you the confidence to expand and bring on new customers and contracts.

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The company will typically have up to 90% cover of the balance of the bad debts.

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In most cases, you only pay for the customers you choose to protect, meaning it is more cost effective than a standalone credit insurance policy.

Customer testimonialsa

Five stars

We came to “Shire” at a time when we had lots of invoices outstanding from local authorities, who are notoriously slow and difficult to get money out of. But now we know exactly when we’ll get payment and this has been great for planning and cash flow purposes. Dealing with “Shire” is easy and very convenient and they have considerably made our business lives a lot smoother.

Lucinda Geoghegan

Five stars

Here at Superior Shine Cleaning Services Ltd I was put in touch with Shire Invoice Finance to assist my company with invoice financing solutions and would like to highly recommend them. Their industry knowledge was excellent, and we experienced a professional and friendly service not only to us but to our clients. For anyone looking for invoice financing options I would recommend Shire Invoice Finance to anyone as a first point of call they have helped us with our cashflow to keep our business growing

Scott Ronaldson, Superior Shine Cleaning Services Ltd

Five stars

Just wanted to say thank you for all the financial funding over the last 5 years. When you first came to my business premises to introduce yourself and Shire Invoice Finance back in 2015 I was a little unsure if this would work for us but being a new start up business venture for me I quickly realised that we would need regular cash flow. Thank you for everything you have done and I really do look forward to continued business with Shire Invoice Finance

Stephen Thompson, Thompson Haulage Ltd

Five stars

I found Ben and the team at Shire Invoice Finance helpful very helpful. They understood what my business needed and within a couple of days everything was in place and ready to use.

Susann Akers, Total Recall Business Services Ltd

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