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Engineering company - Invoice Finance

Sector: Engineering | Value: £100,000
Equipment type: N/A | Term: Revolving

We sourced an invoice discounting facility for a mechanical and electrical engineering business.

Problem:

The client required additional finance to fund growth. Its customers were in the construction sector plus there was debtor concentration. As such, finance options were limited.

Approach:

We discussed the limited options with the client and it was agreed that an invoice finance facility most closely met the needs of the client.

Solution:

We recommended an invoice finance provider who understood the construction sector. This provider was also able to offer credit protection on the key customer to offset the debtor concentration risk.