This week one of our Fund My Contractor clients won a large contract in Germany to provide IT staff to a large organisation on an on-going basis. They asked if we could now look at getting them their own invoice finance arrangement with a number of our invoice finance providers. However, on speaking to them it became apparent that as none of their contract business was invoicing a UK client they would not be able to get invoice finance. Also, due to the concentration of him having such a large client on the books this was also stopping the invoice finance companies from offering invoice finance.
The agency has decided to continue to use Fund My Contractor. This is their only viable option at this stage due to the invoice finance companies’ restrictions on export debtors and concentration limits.
To find out how Fund My Contractor can offer you the right solution, call 0845 8811 112 or complete our contact form and one of our advisers will be in touch.