Case Study Funding Against A Neutral Vendor For A Recruitment Business
FundInvoice were recently able to assist an established recruitment business, with an annual turnover of £1.8 million. The company were already using a factoring facility, which was provided by one of the large bank backed factoring companies.
Funding Against Invoices To A Neutral Vendor
The prospect company was experiencing funding restrictions because the bank were unable to provide adequate funding against their prime debtor, a neutral vendor company - also known as an RPO.
This is a funding issue that we come across before and we were able to introduce the prospect to a factoring company (backed by a well-known bank) that we're able to offer a significant improvement in the concentration limit against the RPO. This flexible approach released further funds for working capital, proving that not all factoring companies are the same.
Article - Funding Against RPOs