| Property | Invoice finance facility (not property) |
|---|---|
| Location | City of London |
| Client | Recruitment agency placing contract staff with corporate clients |
| Product | Business finance |
The challenge
The firm paid its contractors weekly but waited 60 days or more for its clients to pay. Rapid growth meant the cash gap kept widening.
What we did
We arranged an invoice finance facility that advances up to 80% of approved invoices as they are raised. The balance, less fees, is released when the client pays. The facility grows with the debtor book, so funding keeps pace with new placements. We explained the costs, the notice period and the directors' guarantees involved.
The outcome
The firm now pays contractors on time and has taken on new clients without strain on cash flow.
Business financeBusiness loans, asset finance, prestige car finance, invoice finance and VAT or tax loans.
Learn moreImportant: Commercial mortgages and most business finance are not regulated by the FCA. Your property may be repossessed if you do not keep up repayments on loans secured against it.