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Invoice Factoring Facility
Invoice Factoring Request For New Business Purchase
Loan Value: £200,000
A client who had just purchased a new business that was already established, wanted to secure funding for Invoice Factoring to ensure all accounts remain being paid on time.
The Interesting Stuff:
Starting up a new business is complex, let alone purchasing an established business and ensuring nothing slips during the process, ensuring it remains a cost-effective business decision.
A client had gone through the process of purchasing an already established business, and they knew it had lots of small and large invoices associated to it. That business already used an Invoice Factoring facility to ensure accounts were paid on time and funds available. Our client was looking to secure funding so the Invoice Factoring would continue.
The purchase of the business was deemed a ‘new business’, but thanks to our knowledge of the client and what was needed, we were able to go back to the lender on the previous business and replicate the same line of finance that had already been in place.
We were able to secure the funding required through a high street bank and also delivered a solution on great terms.
How we helped:
With our long-standing relationship with the client, and expertise in Invoice Factoring, we were able to work with the lender to provide the information and security needed to secure the funding.
Our help in action …
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