Factoring
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Export Finance
CASE STUDY - RAISING FUNDS WITH FACTORING
We were recently able to help a commercial cleaning company raise funds against their outstanding sales ledger, releasing the money that was tied up in their unpaid sales invoices. The business was turning over £600,000 per annum but was losing out on new customer sales as they needed to invoice 4 weeks in advance of undertaking a job to raise the cash needed to pay staff wages and rent.
Despite invoicing in advance they still had a substantial amount of outstanding unpaid invoicing and we were able to introduce them to a provider that could release the cash tied up in those invoices immediately through a factoring facility.
In order to keep the cash flowing the factoring company continued to provide cash against each new sales invoice that was raised and they were also able to help collect in the invoices for our client. Our client is no longer losing customers as they no longer need to invoice in advance and can offer their customers credit terms.
If you would like to see if we can help you with a similar situation just contact us, or apply online, and we will do the rest. To contact us:
Call us on: 01892 785947
or email:
info@tradespring.co.uk
or complete an: ONLINE INVOICE
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