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