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Factoring Solution for Hamilton Car Groomer
A Hamilton based car groomer was looking for a factoring solution when he came to our attention via this bespoke website towards the end of 2007. He had a good little business providing car grooming services for both private individuals and businesses.
Payment for the private jobs is expected on the day. The businesses, however, would only pay on the 20th of the following month. This was putting his cash-flow under pressure as his business grew.
We were able to organise our invoice discounting system to suit this small business. He sends out his invoices each month through us with our payment details on the invoices.
provides him with 80% of the funds up front. The balance minus our charge is paid on receipt of the funds. This provides our client with more predictable cash-flow, which is very important to him as he does not have much working capital.