Stage Payments
New Start Courier
Getting Paid Upfront
Clear Business Finance helps a new start courier to continue offering their clients attractive payment terms, whilst securing an immediate cash flow injection to keep up with rising bills.
The Challenge
One immediate hurdle was that this logistics company was a relatively new start business with no trading history. However, the owner had gained years of experience in the sector and had a wealth of industry knowledge. As a result of his reputation in the market he had secured several lucrative contracts with online distribution platforms guaranteeing him regular work. Unfortunately, what he had not accounted for was the cash flow gap between having to make and receive payments, putting an enormous strain on his liquidity. Subsequently, the company begun to default on payments and had several County Court judgements lodged against the business.
From the perspective of more traditional lenders the business’s adverse credit and a lack of trading history presented complexities, which the client was experiencing first-hand.
Key Facts
Approved Facility
£50,000
Product
Invoice Finance, Full Book
Location
West Sussex, Crawley
Contacted us via
Phone (We are easy to talk to)
The Results
At Clear Business Finance we understand there are times when a computer algorithm doesn’t quite cut it and that is why our team will assess every application on an individual basis, to ensure a happy outcome for our customers.
We identified potential future income locked up in their trade debtors. This is in effect business that they had completed and invoiced for, but their clients were taking between 30 – 90 days to settle. Effectively creating a cash flow gap which this new start courier couldn’t afford. We approached several invoice finance providers on our panel and secured a facility with no upfront fees.
This facility is now providing the business with the flexibility to continue offering their clients attractive payment terms, taking on as much work as possible, with the comfort of knowing that our lender will now be paying them upfront. In addition the customer is presented with the opportunity to build a good payment history, improving his credit status and therefore opening up the possibilities of securing additional funding in the future.
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Success Stories
What are your ambitions and how can your business achieve them? Here are a few recent examples of how companies like yours are fuelling their growth plans with the right financial support.
EQUIPMENT FINANCE
Amount Financed
£81,525
We all want the right tools for the job, so you will be pleased to hear we’ve made acquiring equipment a whole lot easier.
#DealOfTheWeek!
Term
4 Years
Equipment
New Large Litho Printer
BUSINESS LOANS
Amount Financed
£250,000
Winning a new contract is great but having the capital to meet the requirements, is just one example of how we help companies across the UK on a daily basis. #DealOfTheWeek!
Term
3 Years
Reason for loan
Contract fulfilment
VEHICLE FINANCE
Amount Financed
£165,000
The MD of a UK based property investment company asked us to organise the finance agreement for her new vehicle. It was a roaring success! #DealOfTheWeek
Term
4 Years
Vehicle
Aston Martin Vanquish S
EQUIPMENT FINANCE
Amount Financed
£468,000
Breaking down the cost of your new plant machinery over a 1 to 5-year term, can allow you to limit your upfront outgoings & protect your cash flow. #DealOfTheWeek.
Key Benefits
Leading Terms & VAT Deferrals
Equipment
Three New LiuGong Excavators
INVOICE FINANCE
Approved Facility
£50,000
Get paid on time, every time. Your invoices can provide you with instant funding. No more waiting 30 - 120 days for payment, get your money upfront. #DealOfTheWeek!
Facility
Full Book
Available funds
within 24 hours
DEVELOPMENT FINANCE
Amount Finance
£151,000
80% of the sites value with no personal guarantees gave our client sufficient time to secure the site and gain planning permission.
#DealOfTheWeek
Facility
Bridging Loan
Term
6 months
EQUIPMENT FINANCE
Amount Financed
£232,500
Protect yourself against asset depreciation & keep up with ever-evolving technology. Finance your tech related acquisitions & upgrade at any point. #DealOfTheWeek!
Client
Two Medical Supercentres
Equipment
Handsets, CRM Integration & PC's
GREEN ENERGY FINANCE
Amount Financed
£550,000
Our client was able to totally remove his business’s reliance on natural gasses and switch to green energy for a fraction of the cost.
#DealOfTheWeek
Term
5 Years
Equipment
500kw Solar PV Install
MERCHANT CASH ADVANCE
Amount Advanced
£190,000
A financial solution where repayments flex in line with your future debit/credit card transactions, mirroring the ups & downs of your business. #DealOfTheWeek.
Available funds
within 24 hours
Client
A leading tooling retailer