£225,000 Invoice Finance Facility
Recent Closed Deal! ⭐ Network partner Liam Chandler of G&S Financial Solutions has completed on a confidential Invoice Finance facility with whole turnover bad debt protection for a company based in the South East that operates in the construction sector.
Product: Invoice Finance
Funding Limit: £225,000
Lender: Bibby Financial Services
Once a lender was sourced that was happy with this sector and the nature of the staged payments, the application had a number of complexities along the process as the client had numerous associated companies and directorships where full transparency was required.
Also, the main debtors had no or little credit rating. The bad debt protection protects against formal insolvency and protracted default when a customer will not pay and the facility frees up immediate cash flow for the client.
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