Invoice Finance For Government Green Deals
We have just received the latest in a number of enquiries for invoice finance against government Green Deal scheme related sales invoices. We have been able to successfully help a number of these customers.
Green Deal Government Scheme
How Green Deals work is that the government scheme provides a loan, rather than a grant, against various home or business improvements that are "green" in nature i.e. energy saving such as:
- Insulation - eg solid wall, cavity wall, or loft insulation
- Double glazing
- Renewable energy generation - eg solar panels or heat pumps
The work is assessed and carried out by approved Assessors and Installers who then invoice a government body for reimbursement - these invoices are normally able to be financed via invoice finance.
The situation can be slightly more complicated if the assessor, or installer, is providing the service via an intermediary firm from which they are sub-contracting but they may still be able to receive invoice finance against their sales invoices.
Single Debtor Invoice Finance
Often because of the nature of these Green Deal arrangements the Assessor/Installer may only have one single debtor i.e. the government body which they invoice. This is not a problem as some invoice finance companies will take a view of this based on the strength of the end debtor after having reviewed the supply contract. We have also been able to overcome problems with funding against debtors that some invoice finance companies were unable to fund.
Getting Invoice Finance Against Government Green Deal Scheme Invoices
If you are seeking finance against Green Deal related invoices we can help: APPLY FOR FINANCE AGAINST GREEN DEAL SALES INVOICES