We have completed a new invoice finance facility for a client with just one customer. Whilst trade has been established for ten years, sales to date have been cash, from internet sales and from the company website. However, when faced with a major Channel TV Sales account, seeking credit terms, the dilemma was how to finance the 60 days credit. Invoice Finance on a selective basis was the answer, which provides an advance of 75% of invoice value up front, the balance once the customer pays, with a facility limit initially of £75,000

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