We were recently approached by a company that sells ice creams and jams to independent shops.
They were looking to offer credit terms to their customers with a view to increasing sales and gaining competitive advantage. However, as a small company they were put off by most factoring companies minimum fees.
We were able to introduce 2 lenders. One offered a deal with no minimum fees while the other, who was a small independent very local to our client, offered a deal with a minimum fee of £600 per annum.
The client is delighted with their new finance facility. We wish them all the best.