Fulfilling HMRC Obligations
Vehicle Maintenance Company
Releasing cash from sales ledger
Clear Business Finance helps a vehicle maintenance company to continue offering their customers attractive payment terms 30 - 120 days, without compromising cash flow.
The Challenge
The owner of vehicle maintenance company providing 24/7 support at logistics hubs across the UK, was all too aware that offering attractive payment terms (30 - 120 days) can be an important factor when winning new business. However, this was creating an ever-increasing cash flow gap that had begun to restrict day-to-day undertakings.
Furthermore, chasing payment had become an added distraction and expenditure that this business owner ideally wanted to avoid. They had reached a crucial phase of their planned growth and were subsequently looking to limit cash flow complications but equally didn’t want to run the risk of losing clientele by tightening their payment parameters.
Key Facts
Approved Facility
£64,000
Product
Invoice Finance
Speed of approval
48 hours
Contacted us via
Phone (We are easy to talk to)
The Results
There are a number of different finance solutions that are available to UK businesses but depending on every company’s unique needs, some are more suitable than others. That is why although our client had enquired for a business loan, at Clear Business Finance we still take the time to fully understand the requirements and subsequently presented a solution accordingly.
With invoice finance, you are effectively releasing cash from your sales ledger and therefore it doesn’t involve taking on any debt. Upon receiving confirmation from our client that Invoice Finance was the more fitting solution, we got to work and secured them an industry leading facility which upon completing a sale would advance 99% of their invoice value within a matter of hours. The funds would be transferred straight into their business bank account and there was no paperwork or set up charges required. In time, when their customer had settled payment, our client would receive the remaining balance minus the agreed fees.
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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