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>
Risecap helps businesses access business finance, working directly with businesses and their trusted advisors. Risecap typically receives a commission or finder’s fee from lenders which will be clearly outlined. The amount of commission received may vary depending on the product or lender chosen.
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