Skipton Business Finance lends cash to businesses through invoice finance. Here’s our review of its business loans.
Skipton Business Finance is a subsidiary of Skipton Building Society. Founded in 2012, it was chosen by the UK government as an approved borrower for its Enterprise Finance Guarantee scheme. This scheme allows banks to lend money to small companies that can’t provide the security that they would ordinarily need.
If your business needs an injection of money to help maintain a healthy cash flow, consider contacting Skipton Business Finance. Its invoice finance service provides you with money when an invoice is sent to your client so that your business can carry on operating without worrying about when you will be paid.
How does the invoice finance plan work?
You get up to 90% of the total of an invoice so you can continue growing your company without needing to worry about when your client will pay you. The remaining 10% will be sent to you as and when your client pays, minus a predetermined fee. Skipton claims this is a cost-effective solution.
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Who does Skipton fund?
To apply for a loan with Skipton Business Finance, call 0800 0854150 within office hours.
Alternatively you can apply via its website.
Frequently asked questions