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Confidential Invoice Discounting 3

Updated: 14th February 2007 (AM)

Turnover: £1,000,000

This family run print finishing company needed funding to expand the business. Their bank was unwilling to increase their overdraft facility, and recommended invoice discounting (and their own discounting company) as an alternative. Despite the long standing banking relationship with the client, and the excellent administrative systems in place, the bank-owned factor lacked the flexibility to structure a deal for them. The bank then recommended that they contact Sterling Capital Reserve for assistance. We put them in touch with an independent factoring company, and a facility was quickly arranged to the satisfaction of both parties.