This recruitment company was established by a father and son team, Len and Dave, in Manchester. The business involves the sourcing and recruitment of temporary manpower for industrial and commercial placements.

Len said, "It had become clear that a bank overdraft was no longer capable of supporting our rapid rate of expansion. Now we deal with SME Invoice Finance, we are pleased to no longer have to go 'cap in hand' to the bank to renegotiate our facility limits."

Len is delighted that the company has teamed up with SME Invoice Finance. He comments, "We initially came across SME Invoice Finance when we saw a factoring statement from a supplier come across our desks. We were considering factoring at that time and we agreed to see them. We also had a bank-owned factor visit us, yet our perception was that SME Invoice Finance had a 'family company' feel about them that we felt comfortable with."

He adds, "We feel that with SME we are not just a number and they don't seem as remote as most finance relationships have in the past. We gained a better impression of them right from the start. SME are always genuinely interested in us and want to help us develop our business."

SME Invoice Finance provided the company with an £80,000 factoring facility based on an 80% prepayment against invoice values.

Describing the facility, Len says, "The decision to replace the bank overdraft with factoring was an important step on our road to growth. SME Invoice Finance provides full ledger management and collections services. The service is extremely useful. We do not have to go to the expense of creating a specialist in-house department just to chase our own debts. The office work that they conduct is extremely beneficial to us. Outsourcing our collections is crucial, particularly since in this economic climate customers can be slower to pay. Another aspect of the service we have found helpful is SME's ability to flag up certain markets that may create credit difficulties for us in the future. I don't ever once regret making the decision to run with SME Invoice Finance."

Len also values the service SME Invoice Finance offers, "We have a very good relationship at board and operational level and get good service from the team. I feel that I can ring the directors and staff at SME Invoice Finance at any time. Knowing that there is someone capable and professional on the other end of the telephone whenever we need assistance makes a real difference to our business." 

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