Protecting supply chain pressure
Based in Southern England, this established supplier of high-quality dairy produce had continued to operate throughout the challenging times brought on by the pandemic. With valuable cooperation from their customers, the business had managed to obtain shortened payment terms of 7 days to ensure that they were protecting and securing their own supply chain. However, as life returns to a more considered sense of normality, payment terms have now extended back to 30 days.
With a growing business and turnover expected to exceed £1.4m, it was crucial that cashflow was not impacted and a mechanism put in place to ensure prompt payment to their suppliers, British farmers.
Following initial contact with Advantedge Commercial Finance a flexible £250k invoice discounting facility was provided within a matter of a few days, thereby securing a consistency of cashflow for this growing business.
#funding #supplychain #smallbusiness #invoicefinance
Keep on moving with the right funder in place
This Southeast based haulier was experiencing cashflow challenges similar to many other companies operating across this sector. With expanding orders, the lack of available funding and drivers was a real concern to the director. Subcontracting out jobs and undertaking the driving himself were options that he put into place, but these were far from ideal.
The solution was to increase the scope of his Operators Licence to facilitate more drivers but to secure this, the company needed to demonstrate the required amount of funding within its possession.
Following our introduction, we were able to provide a £250k invoice finance facility based on its £1.5m turnover which has enabled the director to secure a new and improved licence alongside the flexibility of a cashflow solution that will help fund the future growth of his business.
#funding #haulage #invoicefinance
Improve your cashflow and free up your valuable credit control time with our professional funding and credit management solution.
Strengthen your cashflow with an immediate injection of funding, together with an ongoing source of finance to support your growth.
Selective Invoice Finance
A highly flexible solution that enables you to obtain specific funding against key customer invoices, as and when your cashflow requires.