• Immediate Working Capital
  • Growth, Aquisitions, MBOs
  • No Need for Re-negotiation
  • Instant Cash Flow
  • Saves Management Time
  • Improved Collections Performance
  • Recession-Proof Thinking
  • Practical How To Guides
  • Business Knowledge Bank
  • Fast Track Response
  • Competitive Rates
  • Personal Service

Financial Engineering

This engineering company assembles fabricated and machined components using a wide range of available finishes. Karen, the company's accountant, says, “We were very keen to have invoice discounting. We wanted to expand the business and at the same time have peace of mind concerning cash flow. We are close to our customers and continue to invest a lot of time in these relationships that we have worked so hard to foster. The fact that nobody knows about the nature of the funding we use is critical to us.”

Whilst a company of this type and size would not ‘normally qualify’ for invoice discounting from the bank-owned finance houses, SME Invoice Finance considered the deal on its individual merits – looking at the qualities and experience of the management team and the professionally administered accounting systems. Satisfied with these criteria, SME delivered a £50,000 invoice discounting line based on a 70% invoice prepayment level. Karen comments: “I’m an accountant, I used to have my own practice and I am familiar with the terms available in the market. I would say that we have obtained a good deal overall package from SME Invoice Finance including the benefit of a competitively priced facility.”

She continues: “The main thing that we were looking for when selecting a commercial finance company was direct access to the decision- makers. With SME, I know exactly where I stand when drawing down from our availability of working capital and can always pick up the phone and talk to someone in authority about any issue concerning the business. I don’t have to face any of the concerns of being passed from ‘pillar to post’ within an impersonal banking call-centre. We appreciate that SME’s motivation is always to be there to help and support us. Ultimately, ‘communication’ is the key word that I would use to summarise what marks out SME Invoice Finance’s unique approach to service delivery.”