Factoring is the process of releasing cash tied up in
outstanding invoices. Skipton Business Finance will advance
up to 100% of the value of invoices outstanding on your
sales ledger, allowing you to put the cash to work without waiting
for payment from your customers.
Factoring is ideal for businesses that wish
to concentrate on growing their sales without having to
worry about the day to day management of the sales ledger.
Skipton Business Finance will provide a professional credit
management service, meaning that we take responsibility for
securing the payment from your customers and one less thing for you
to worry about.
Additionally Skipton Business Finance offer all clients
free credit checks, to ensure informed decision are made
about who to do business with in today's challenging financial
Customer Handles Own Collections Service or
The CHOCS facility means that the client undertakes their own
debt collection work whilst Skipton Business Finance provides
invoice finance against their sales ledger.
Confidential Invoice Discounting
Confidential Invoice Discounting is a form of invoice finance
which enables you to immediately release cash tied up in unpaid
invoices, allowing you to put cash straight back into the business
as soon as it has been earned.
You continue to invoice and collect the invoices in the
normal way and the service is confidential so your
customers won't notice any changes.
Enterprise Finance Guarantee - EFG
Skipton Business Finance has been selected to join an exclusive
panel of lenders who can offer the government's EFG scheme. This
additional support via a term loan can be used in addition to
traditional working capital facilities to provide access to
increased levels of funding.
Skipton Business Finance - Experts with access to
Listening, understanding and by working together we will solve
your business cash flow problems giving you access to the funding
you need to enable your business to reach its full potential.
Imagine the benefits if all your customers
paid you in 24 hours!
That's why more and more businesses are turning to specialised
business finance. Finance that can be tailored to the
individual requirements of a business in order to assist with cash
flow problems. Finance such as factoring and invoice
Which Businesses use Skipton Business Finance
Skipton Business Finance work with UK registered businesses that
sell goods and services predominantly to other businesses, based in
the UK, on standard credit terms not exceeding 120 days.
start from as little as £25,000 and currently go up to £5
million. Existing clients range from start-ups to established
businesses with annual sales of up to £30 million.
By 2011, Skipton Business Finance will have provided a range of
invoice finance, factoring and cash flow solutions to the SME
sector for 10 years. Over these 10 years, Skipton Business
Finance has built up a wide range of experience in sectors such as
the transport & logistics, the print industry, manufacturing
and the manpower sector among others.
Our experienced team use a common-sense approach and never use a
system-style one-fits-all methodology to our underwriting.
This gives greater flexibility to our lending and in many
cases; we are able to provide funding where a business may
have already been turned down by their bank who have
failed to see the future potential in the proposition.
This flexible approach to invoice finance,
factoring and cash flow solutions allows us to serve the following
types of business:
Sole Traders, Partnerships, Limited
Companies and PLC's
Transactions including acquisitions,
MBOs & MBIs
New starts & Long
Profitable & Non
Get quotes for flexible invoice finance today.
I get a sense that there is a real team ethic at Skipton Business Finance. I’ve never had to deal with an automated service and when our Relationship Manager isn’t available, which is very rare, I’m always in touch with someone who knows our business
Skipton Business Finance Limited provides an array of
financial products ranging from factoring to confidential
invoice discounting, including the Government-backed
Enterprise Finance Guarantee Scheme, and asset-based finance to
SMEs from start-up to businesses turning over £30m.
Our facilities can be
used to fund start-ups, transactions, turnaround/restructures,
phoenix and, pre-pack type deals. Skipton Business Finance is all
about having quick access to flexible finance;
employing specialist staff and having localised functions under one
roof, which enables even closer relationships with our clients and
business partners. A wholly owned subsidiary of Skipton
Building Society, a mutual financial institution established in
Independent of the main banks, Skipton Business
Finance provide a strong and recognisable brand whilst allowing a
diversity of invoice finance and business funding that gives
greater stability to our clients businesses. With no
expensive shareholder dividends to pay, the ethos of our
business is very much focussed on understanding our
clients businesses and assisting in creating wealth and
jobs, rather than purely profit. This naturally leads to
a partnership approach where our success is determined by
the success of our clients.