Wholesaler uses invoice finance and bad debt protection for expansion
Industry: Wholesale
Product: IDeal™ with RLS top up and bad debt protection
Facility size: £2M
Established in 2021, this company supplies renewable and environmental products for domestic and commercial premises. As demand rises with additional government funding being supplied to consumers, installers are increasingly taking on higher volumes of low carbon heating and cooling equipment.
After successfully building a loyal client base, they wish to accelerate growth by taking on larger orders and offering responsible credit. The business had been seeking a financial partner to support their next stage of development and who could provide flexible funding that would grow in line with their turnover.
The support offered by our in-house credit protection team was integral to choosing Close Brothers. We were able to offer £2 million invoice finance facility with a Recovery Loan Scheme top-up alongside bad debt protection.
Bad debt protection is a useful tool for those seeking added assurance when trading with new or existing clients. It ensures that your cash flow is not disrupted should a customer be unable to settle an invoice. At Close Brothers Invoice Finance, we credit check your customers, and offer up to 100% protection on any who have been pre-approved by our expert team, so you can have peace of mind that customer insolvency won’t negatively impact the availability of funding.
