This medium-sized business serves several large international companies with commercial design, build, and maintenance services.
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.
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.
We additionally supported this business free up cash by refinancing a loan that was costing them £8k per month. Read more>
25 Green Street, Mayfair, London, W1K 7AX
Risecap Ltd (Company no. 11203916) 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.
We will receive commission from lenders. Different lenders pay different amounts depending on different commission models. For transparency we work with the following commission models: fixed fee, fixed rate of commission, percentage of the amount you borrow. In some circumstances, we do not receive any commission or fee from the lender, we will detail the commission or fee scenario throughout your customer journey
Copyright © 2024 Risecap. All rights reserved.
0203 089 7919
hello@risecap.co.uk
25 Green Street London W1K 7AX
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.
