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Invoice finance without a trust account

In the past, invoice finance products required a vendor’s clients to pay into a trust account that was accessible to the lender. But now Risecap has access to a new product that requires no trust account, making it invisible to clients.

A handyman at work on a building project

Background

This medium-sized business serves several large international companies with commercial design, build, and maintenance services.

A building designer

Funding request

Despite diverse revenue streams amounting to over £4 million annually, cash flow was problematic because many of their large, blue-chip clients had in place 60-day payment terms.

The owner did not want to use invoice finance as that requires clients to change the account they make payments into - an inconvenient and slow process.

A woman appraises the growth of the facilities services company

How we helped them RISE

We have access to a new invoice finance product that doesn’t require clients to change their payments.

The lender agreed to advance up to 99% of any invoice up to a combined total value of £250k. On this the business had to pay an interest rate of 0.06% per day.

From the clients’ perspectives, nothing had changed, but for the business cash flow was moving again.

Two business partners review progress on a new commercial property build

Continued support

We additionally supported this business free up cash by refinancing a loan that was costing them £8k per month. Read more>

Find out how we get the best debt finance solutions for SME business owners, CFOs, and growth advisors.

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0203 089 7919
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3rd Floor, 86-90 Paul Street, London EC2A 4NE

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Risecap Ltd Data Protection Number ZA553906. The registered address is 3rd Floor, 86-90 Paul Street, London EC2A 4NE. Risecap is a credit broker and not a lender.
Copyright © 2022 Risecap. All rights reserved.

0203 089 7919
hello@risecap.co.uk

3rd Floor,
86-90 Paul Street,
London EC2A 4NE

Linkedin

Risecap Ltd Data Protection Number ZA553906. The registered address is 85 Great Portland Street, London, England, W1W 7LT. Risecap is a credit broker and not a lender.
Copyright © 2022 Risecap. All rights reserved.