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.
How can we help?
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sole traders, partnerships, limited companies and PLCs
transactions including acquisitions, management buyouts and buyins
profitable and non-profitable firms
refinancing & restructures
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
Businesses that are appropriate for invoice finance will be those that have owners who run their day-to-day operations, provide a service or product to the public, or invoice UK-based businesses.
Invoice finance is unsuitable for businesses that grant extended warranties, issue invoices in advance, issue return contracts as standard, or settle invoices with stated payments.
A long-standing credit history isn’t necessary to be approved for invoice finance. As a result, many of the businesses who are turned down for regular bank loans are able to receive funding with Skipton Business Finance.
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Chris Lilly is a publisher at finder.com. He's a specialist in credit-based products including business and personal loans, mortgages and credit cards, and is passionate about helping UK consumers make informed decisions about their borrowing. In his spare time Chris likes forcing his kids to exercise more.
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Businesses all over the UK face financial instability daily, which often requires outside funding. We have looked into how the state of borrowing for these businesses differs between the industry, over the years, and for the size of the business.
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