Close Brothers Invoice Finance, leading providers of alternative funding for firms in the UK, adds Liquidity Plus to their suite of products.
For many organisations, access to finance is still a significant barrier to growth; the most recent Close Brothers Business Barometer survey in June revealed this to be true for one in four owners/managers. New products that help overcome such issues will be welcome news to firms up and down the country.
David Thomson, Chief Executive Officer for Close Brothers Invoice Finance explains more: “We’ve always demonstrated a commitment to supporting our customers with a fantastic choice of finance options and I’m delighted that we’ve added this product to the mix.
“Liquidity Plus can be bolted on to an existing Close Brothers invoice discounting facility over an agreed period of time. It tops up the amount of funds that we can release for our customers, based on the value of their outstanding invoices.
“It’s useful for a variety of scenarios, from providing extra money to invest in capital equipment, to easing cash flow in times of unusually high customer demand and it can be switched on as many times as required.”
The product has already helped a number of firms, including Bridgeman Recruitment Services Ltd, a Stockport-based recruitment company, which plans to use the additional funds to support expansion into a new division.
David continued, “Businesses often need a finance boost to help in any number of situations and our product can help release up to 100% of the value of unpaid customer invoices, enabling quick access to additional cash as and when it’s needed.”