Press Releases (Archived)

Metro Cash, the cash flow stress buster

In a survey by Close Invoice Finance, 82 per cent of the British workforce claimed that they were stressed. 31 per cent of these workers try to combat stress through exercise while 20 per cent prefer socialising. A worrying 16 per cent relaxed by smoking and 15 per cent by heading for the shops to treat themselves.

For the 4 million people running their own small business in Britain, one of the biggest causes of stress is a cash flow problem in their firms. But Close Invoice Finance has launched Metro Cash to provide a stress buster for those small business owners that suffer cash flow problems caused by their customers not paying for goods and services promptly.

The Metro Cash factoring service will pay a business up to 95 per cent of the value of an invoice generated for goods or services provided by them to a customer within 48 hours of receipt of the invoice. The 5 per cent balance, minus a small fee, will be paid once the debt has been settled. Close can even chase up the debt on behalf of their clients, as an additional service, if required. Unlike most traditional factoring services, there is no requirement for a minimum level of turnover with Metro Cash.

Alison Ruddock-West, Director, Close Invoice Finance commented, "Metro Cash will ensure that small businesses owners never again need to have an uncomfortable conversation with their bank manager or get stressed over their customers owing money. With funding directly linked to a company's sales performance, Metro Cash will remove the barriers imposed by traditional bank lending. It will give them the financial ability to take advantage of new business opportunities and to focus on growing their businesses."


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