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Selective Invoice Finance



Insulation (Whalley) Ltd,Established in May 2016, Insulation (Whalley) Ltd was set up in order to work in the government backed Eco scheme. Trading as Insulation King, the company directors wanted to take advantage of significant funding being put into energy efficiency through the scheme, and knew the growth potential was big. The Eco scheme is designed to allow consumers to greatly improve the energy efficiency of their homes. This is typically achieved  through the installation of modern boilers, and improving insulation in homes. Insulation King provide room in roof insulation and loft insulation to help their customers reduce their energy bills and…

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Selective Invoice Finance – how Creative Capital can help your business

Our selective invoice finance facilities allow you to ease cash flow pressure with a small business finance facility. Using our facilities as and when you need to, you only pay for what you use, and only use the facility when you need to. Also, we don’t lock you into a long term contract, and you don’t have to give us any notice to leave the facility. We leave you in charge.

At Creative Capital we understand that your time is valuable and so we aim to make things as simple as possible for you. Applying for a Selective Invoice Finance facility is simple, and can be set up very quickly if required. Whatever the reason, and whatever your industry, we will consider all inquiries on a case by case basis. Selective Invoice Finance is provided against the strength of your debtor. As long as you are dealing with well rated businesses, we can consider your application. We also have the option of providing Bad Debt Protection to help you trade more securely with your customer. You can finance either a single debtor, or you can choose multiple debtors to finance through us. By doing this, we will find the right selective invoice finance facility for you and your company.

Why use us?

  • You suffer from ongoing or occasional cash flow issues
  • Major customers are putting you on extended payment terms
  • Important payments are being missed – e.g. HMRC payments, key creditors, payroll
  • You are in a high growth stage and need additional working capital
  • You have suffered a bad debt
  • You are a new start up business
  • Your sales ledger is highly concentrated
  • Your existing facilities are at a maximum
  • Traditional high street lenders have been unable to help you
  • You only want to fund against a single, or selection of your debtors
  • You only occasionally take on larger jobs which need additional finance
  • You work in the construction industry

How it works (click image to enlarge)

To find out more about how Creative Capital can provide easy invoice finance for your business, call us or complete our online application form.

 

Case studies

North West based Drainage Contractor. Initial funds out – £7,000
Introduced by national broker

Previously acting as a sole trader contractor, this newly established limited company was in the early phases of growth. Having spent most of the retained cash on setting up the business and purchasing plant, cash flow assistance in the form of Selective Invoice Finance was required to finance a large contract which had just been won. The cash would allow for staff wages to be paid, as well as providing cash reserves to finance upfront costs for future jobs. The facility remains in place to be used as and when a large contract is secured.

North West based Heating and Plumbing Engineer. Initial funds out – £85,000
Introduced by local broker

This well-established business recently secured a number of large contracts within the Eco deal framework. Based around fitting new energy efficient boilers into domestic properties, and invoicing energy companies direct, cash flow assistance is required to keep up with demand. Our funds are being used to pay contractors weekly and to enable the purchase of boilers required to meet the huge demand associated with this industry. Funds are drawn down fortnightly with an exposure running to over £150,000 at any one time. The flexibility of Selective Invoice Finance means that our client can manage cash flow during busy and quiet periods, drawing down only what is required, when required.

North West Based IT Facilities Management Company. Initial funds out – £35,000
Introduced by their bank manager

This long established business provides IT hardware support services. A long-time client of the bank, and enjoying use of the banks invoice finance facility, the company required additional funding against a contract which falls outside the facility. Selective Invoice Finance can be utilised to run alongside many different types of finance. Our service will only be used a few times during the year, against a particular maintenance contract type, leaving the main cash flow solution with the current invoice finance facility. A waiver on the banks debenture was secured against invoices financed by us. This has allowed the factoring facility to run more smoothly and freed up more cash for the banks client.

 

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