Skipton Business Finance are part of the Skipton Building Society Group, and offer a range of working capital facilities to businesses. Skipton have been voted in the top 100 companies to work for in The Times. They are one of the members of the FundInvoice business funding panel.
Skipton Business Finance
Skipton can support new start companies through to established concerns, with funding lines of between £25,000 and £5m.
Working Capital Solutions
They offer a variety of different working capital funding solutions, including:
- Invoice factoring - funding against invoices with a credit control service provided.
- Invoice discounting - funding against invoices, you retain the credit control function in-house. This can be on a confidential basis.
- "My White Label" - a confidential factoring service whereby Skipton provided funding and a credit control service, but the customer is completely unaware that you have outsourced the credit control function. All contact and paperwork sent to debtors bears your branding and name, so your customers never know you are using the service, and the involvement of the funder remains invisible.
- "Skipton Select" - is an interest free invoice factoring facility (also know as single fee factoring). The facility is interest free, there are no annual renewal fees, no bank charges and no charge for BACS transfers. You pay a simple service charge which is a percentage of the turnover that you factor. The percentage ranges from 2% to 3.5% (subject to minimum fees).