About Skipton business finance
Skipton Business Finance: Your Trusted Partner for Invoice Factoring and Discounting Solutions
Skipton Business Finance is a leading provider of invoice factoring and discounting solutions in the UK. As part of Skipton Building Society, one of the country's largest financial institutions, we have a proven track record of helping businesses improve their cash flow and grow their operations.
At Skipton Business Finance, we understand that managing cash flow can be a challenge for many businesses. Late payments from customers can cause significant disruptions to your operations, making it difficult to pay suppliers or invest in new opportunities. That's where our invoice finance solutions come in.
Invoice factoring is a financing solution that allows you to sell your outstanding invoices to us at a discounted rate. We then take over the responsibility of collecting payment from your customers, freeing up your time and resources so you can focus on growing your business. With invoice factoring from Skipton Business Finance, you can access up to 90% of the value of your invoices within 24 hours.
Invoice discounting is another financing solution that allows you to access funds tied up in outstanding invoices without selling them outright. Instead, we provide you with an advance against the value of those invoices while allowing you to maintain control over collections and customer relationships.
At Skipton Business Finance, we offer both recourse and non-recourse options for our invoice finance solutions. Recourse factoring means that if one or more customers fail to pay their invoices on time or go bankrupt before paying their debts owed under an agreement with us then any unpaid amounts will be payable by you as seller (the client). Non-recourse factoring means that if one or more customers fail to pay their invoices on time or go bankrupt before paying their debts owed under an agreement with us then any unpaid amounts will be payable by us as buyer (the funder).
We also offer confidential invoice discounting services which allow you to maintain control over your customer relationships and collections. This is particularly useful for businesses that want to maintain their own credit control processes while still accessing the benefits of invoice finance.
At Skipton Business Finance, we pride ourselves on our commitment to providing exceptional customer service. Our team of experienced professionals will work with you to understand your business needs and tailor a solution that meets your specific requirements. We also offer online account management tools that allow you to track your invoices, payments, and funding in real-time.
In addition to our invoice finance solutions, we also offer asset-based lending services for businesses looking for additional financing options. Our asset-based lending solutions allow you to access funds based on the value of your assets such as inventory or equipment.
At Skipton Business Finance, we are committed to helping businesses grow by providing flexible financing solutions tailored to their unique needs. Contact us today and let us help you improve your cash flow so you can focus on what matters most – growing your business!