- 30 Jun
How A Water Hygiene Firm Funded Rapid Growth Without Paying Invoice Discount Fees
This is a case study about how FundInvoice helped a water testing company fund their rapid growth. If you need similar help, call us on 03330 113622 or:
How A Water Hygiene Company Funded Rapid Growth Without Paying Invoice Discount Fees
A small but rapidly expanding water hygiene company, specialising in legionella testing, recently faced a challenge familiar to many growing firms. They needed to cover cash flow gaps created by long client payment terms.
This UK-based business offers legionella testing services to ensure clients’ water systems remain safe and compliant. Their expertise does not stop there. If they identify problems within a client's water systems, they can also provide plumbing and engineering guidance and services to resolve issues swiftly.
A Funding Solution To Alleviate Cash Flow Concerns
However, as demand for their services surged, waiting for clients to pay invoices started to restrict their ability to take on new contracts. They sought a funding solution that would alleviate cash flow concerns, enabling them to concentrate on growth rather than managing payments.
They approached FundInvoice for help.
Refer to our comprehensive Cash Flow Guide for additional solutions to address liquidity issues.
How FundInvoice Found Them A Facility Without Discount Fees
We arranged an invoice finance facility with a large independent provider. What made this facility unique was its single charge structure. Unlike typical invoice finance products, it did not include discount fees that operate similarly to interest. Instead, the company pays a straightforward service charge to access funding against their invoices.
Find out more about the Costs.
This simplicity appealed to the client. It gave them certainty over costs, without having to calculate interest-like fees on top. As a result, they can now continue their rapid growth plans, confident that cash flow constraints will not hinder them. If you require similar assistance, please get in touch with us on 03330 113622.
How A Water Hygiene Firm Funded Rapid Growth Without Paying Invoice Discount Fees
Call us: 03330 113622
