- 26 Jul
Selective Invoice Finance For Installation Of Car Charging Points
This case study concerns a client in a very different industry sector that we were able to find a selective invoice finance facility.
The small business was an installer involved with the installation of car charging points for electric cars. They also undertook some solar panel installation, under the Government's green deal scheme.
Installation Of Electric Car Charging Points
Car charging points, for electric cars, are becoming much more widely available, and in addition to their appearance in places such as car parks, people are starting to have them installed at home. Indeed some grant funding may be available to assist with this as part of the drive towards the use of greener fuels. This particular client was involved with installation of car charging points for other businesses and organisations, hence they needed some funding in order to facilitate the growth of that business.
With the Independent recently reporting that the UK needs six-fold growth in the number of charging points by 2020, to keep up with demand for greener motoring, I can only imagine that the demand for this type of installation work will continue to rise, so we are keen to arrange finance for fast growing installers.
It should also be noted that funding against installation invoices is not universally accepted by receivables financing companies, however we can provide access to finance companies that are comfortable with this kind of debt and will be willing to fund, even if others have declined to get involved, or rejected your application.
Selective Invoice Finance
We have worked with many companies that work in fields related to greener energy, so we have funders on our panel that are able to assist them. We found our client an independent selective invoice finance provider that was able to assist with funding for all aspects of their business.
The benefits of a selective facility are that our client can choose the invoices that they want to receive funding against, and they have no contractual obligation to keep using the service. This means that the funder will try hard to retain their business as they don't have any sort of minimum income charges to rely upon. The particular funder that we used have a reputation as being able to quickly deliver a very flexible service that the customers tell us they like.
Of course if you don't want to go down the selective route, as number of clients don't, there are full turnover options available whereby you can discount all of your invoices. You will tend to achieve an overall discount on the pricing if you are prepared to live without the flexibility of being able to pick and choose which invoices to finance.
- 15 Jul
Replace Your Cancelled Invoice Finance Facility
We have just been able to help a small steel fabrication business that were are using a selective invoice finance company, that wanted to cancel their invoice financing facility.The business deals with a number of construction sector customers, and hence a lot of their sales are billed via applications for payment, rather than invoices. The use of applications for payment, which is commonplace in...
- 30 Apr
30K Business Loan For A Vending Machine Supplier.
Vending machines is one of the diverse sectors that we have been able to assist recently. We recently helped a supplier of vending machines arrange a long term business loan. The loan was for £30,000 over a long term, which will provide a significant capital injection for their company.MORE INFORMATION ON BUSINESS LOANSWhilst this was a relatively modest loan, we are able to help arrange much...
- 17 Apr
Diverse Trades That We Have Found Funding
Whilst looking through recent deals that we have completed to find a few for case studies that I can add to our website, it struck me what a diverse range of different trades, and industry sectors, we have arranged funding for recently.The variety of types of business finance that we can arrange for companies, means that there are options whatever your industry sector.These are just a few...
- 29 Mar
Overcoming Constant Changes Of Client Manager
Service problems are rare in the invoice finance sector, but when they do arise, we have had some success helping clients solve service problems.REQUEST A CALL IN CONFIDENCEWe have just assisted a client who was using a bank owned invoice finance company, but they had suffered continual staff changes. After having the same Client Manager, the individual - often called a Relationship Manager - for...
- 04 Mar
Savings On Factoring For A Recruitment Company
Interesting recent case where a potential cost saving has been identified for a medium sized recruitment company, currently using non recourse factoring.The prospect was using a non recourse factoring service (which can have its benefits), from a large provider, but they were seeking a cost reduction exercise, and they wanted a better service. They felt that the provider was no longer keen on...
- 15 Oct
Credit Control For A Small Construction Estimating Business
We have just completed a credit control only facility for an estimating business that handles:DISCUSS A CREDIT CONTROL QUOTEThis firm of estimators were originally with a large high street bank, who have an invoice finance arm, but as the bank have withdrawn their debtor protection this client needed to look for a new provider. The facility that they had received from the bank was factoring but...
- 31 Jul
Invoice Discounting For An Electric Bicycle Distributor
Electric bicycles, or e-bikes, are a fast growing market, as many people seeking to live a greener life and replace their journey to work in a petrol or diesel powered car, with something less polluting.We were recently able to arrange a confidential invoice discounting facility for a UK based distributor of electric bicycles, in order to support their future growth.GET A QUOTE FOR INVOICE...