SMEIF launches SME Advantage
| Date Added: Mon November 5 2007 |
SME Advantage is a fixed rate loan that fills the cash flow shortfall above and beyond invoice finance, delivering over 100% of invoice value.
In a recent article in Business Money magazine, John Wilde, Sales & Marketing Director of SME Invoice Finance explained: “We have listened to our clients, prospects and intermediaries and have raised the bar in terms of our products, which are designed to give SME businesses more headroom. So, not only do we offer invoice discounting and factoring, we now also have a commercial loan product called SME Advantage.”
“Effectively, SME Advantage is a fixed rate loan that fills the cashflow shortfall above and beyond invoice finance, delivering over 100% of invoice value. We’ve found that providing that little bit extra can sometimes make all the difference between doing the deal and not doing the deal.” This has enabled SME to secure transactions that they might otherwise have lost to packaged facilities from the banking sector and has resulted in them seeing a number of MBOs, MBIs and turnarounds, following the launch of SME Advantage.”
“Offering ABL to the owner-managed business is a very exciting new development that builds on our strengths and those of the businesses we have acquired.”
Read more about SME Advantage. |
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