Our Senior Finance Broker - George Dunn, completed an invoice finance deal worth £200,000 for a world leader in the design and manufacturing of application-engineered electrical drive systems.
George was able to work alongside Liam Hebberd from the lender - Bibby Financial Services Factoring, who is part of our comprehensive 125+ lending panel to able provide the Invoice finance funding that his client required to facilitate the growth of the business. The client required the funding as they work alongside bluechip companies on 90-day payment terms.
From Factoring to Discounting, Invoice Finance can be one of the best ways to ease cash flow problems or simply just speed up the payment process. Credit control services can also be included as part of the finance product.
The product is simple, lenders pay you in advance for the value of the invoice immediately. Instead of waiting days or weeks for your invoices to be paid by customers, your business can get paid faster for completed work, allowing you to concentrate on running your business.
Invoice finance can come in a variety of forms, most commonly; Invoice Factoring, Invoice Discounting or even Spot Factoring. Which product is right for you? It's simple, just ask yourself, how much control do you want? Once Approved Business Finance has established your wants and needs, we can identify the right Invoice Finance product for you.
If you feel that your business could benefit from Invoice Finance, then please do not hesitate to contact George to discuss your options at 01908 429888, email George@approved-finance.co.uk or click on the link to download our finance guide PDF for more information: https://lnkd.in/ePHAgzn9