• 07 Sep

    Deal Completed Recourse Factoring With Poor Credit Rating

    We were recently able to assist a London-based clothing manufacturer, who was turning over £250,000 per annum, find a recourse factoring deal to support their growth plans.

    The prime mover of the clothing manufacturing business had a poor credit rating and so had not been able to find a finance facility elsewhere. Credit ratings are often important when applying for overdrafts and loans but with factoring, the emphasis is on the quality of the invoices and debtors as the debts are the assets that the factoring company is funding against. Hence we were able to assist this clothing manufacturing businesses.

    More recourse factoring deals to follow . . .

    By Glenn Blackman

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Examples of funders we work with:

kriya
bibby
leumi abl
metro bank sme finance
apollo business finance
inksmoor