Export Factoring
Background
Our client was an exporter of food products. They sold primarily to the US.
Challenge
The different invoice finance companies all have very different criteria and capabilities. Only some factoring companies will provide funding against invoices issued to customers outside the UK. In this instance all the invoices were raised to export customers and as such the market of lenders that were able to help were very limited.
Solution
Smart Factoring Quotes were able to introduce our client to the lenders that were able to help by providing export factoring solutions. This enabled our client to invest time with lenders who could make genuine offers and as such direct comparisons could be drawn. We helped our client select the most suitable and competitive export factoring facility. They now have a working capital facility to help them grow and they are able to take on new customers with confidence.
