This week BusinessLoans.ie helped a client in the drinks industry. They make a liqueur that’s especially popular around Christmas, requiring extra working capital to ramp up production to serve their distributors across Ireland, Europe & the USA. They ultimately needed extra funds for October, November & December. They looked at traditional invoice finance options but were put off by ongoing fees throughout the year when they were not going to be using the facility. We discussed one-off invoice financing with them. This would enable them to “cash in” invoices when they need to & without the commitment of an ongoing solution.

So how does it work? Essentially it enables you to release cash trapped in invoices & speed up your working capital cycle. You can pick and choose which invoices to fund 80% payment in 24 hours.

BENEFITS FOR YOUR BUSINESS

• No personal guarantees or additional security – funding decision based on the debtor

• No long-term contracts, no onerous paperwork

• Multiple currencies supported

• Fast decisions, fast funding & simple process

• Affordable and flexible finance

• Bad debt protection

CRITERIA TO ACCESS FUNDING

• Your business is trading with limited companies

• You have insurable debtors

• Your invoices are between €15,000 and €2,000,000

• Your business has been trading more than 2 years

• Your turnover is more than €500,000

If one-off invoice finance is of interest we’re here to guide you through the process of getting your debtors approved & uploading invoices. You can then receive 80% now and a final settlement when your debtor pays. Talk to the business loans team today on 01 55 636 55 or web chat via the portal in the bottom right of this screen now. We’re here to help, 7 days.