Factoring line for local SME

Project Info

Project Description

We were approached by a valued accountant introducer whose SME client was using a Factoring facility that was both expensive and capped at a level that meant that they were unable to access the required level of working capital. After a review of their requirements an introduction was made to one of our panel funders and a short-time later a larger facility with a significantly lower discount and service charges was secured. This deal came with no tie in or exit fees within the first 6 months and no arrangement fee. As a result of the new facility the business has been able to fund it’s ambitious growth plans and to secure some new lucrative contracts.

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