Factoring facility for working capital

This well established SME is going through planned expansion and wanted to make sure that their cashflow remained strong as the business grows. They also wanted the reassurance of protecting against bad debts and so the solution came via a Factoring Line offering 90% funding at a highly competitive service fee of only 0.65% and an interest margin of 1.8% over Base. Unlike many other Factoring Companies, this deal came with no tie in or exit fees within the first 6 months. We even managed to waive the arrangement fee which doesn’t happen every day!