2. POWERING YOUR CASH FLOW
In the current economic climate, cash hungry At SME Invoice Finance, we'll set you free from
businesses need a strong financial partner who can the rule-books and red tape that get in the way
move quickly and respond flexibly as needs arise. of actually doing business. Powering your company
with a constant source of working capital by
SME Invoice Finance is a specialist invoice delivering competitive facilities designed to make
discounting company, dedicated to meeting the mincemeat of the credit crunch.
needs of 'owner–managers' in business.
The SME difference is clear!
We’re independent of the major Banks and financial
institutions and we really understand the
importance of providing the highest levels of
personal service, attention and support to all our
customers, regardless of size or history.
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OPTIMUM FINANCE FOR CASH HUNGRY BUSINESSES
3. Our values of speed, strength and flexibility are applied to every transaction:
SPEED
We maximise the use of technology to provide you Hungry for more information?
with same day value against your invoices. And on- Call John Wilde on 01483 531100
line access so you can view the availability of cash.
STRENGTH
We have established SME Invoice Finance with the
substantial backing of a number of 'blue chip'
shareholders, drawn from a wide spectrum of
commerce and industry. In this way, we offer you
both competitiveness and certainty.
FLEXIBILITY
We will deliver the most flexible invoice
discounting or factoring or asset based lending
solution to help your business grow faster and
more profitably.
SPOT THE DIFFERENCE
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OPTIMUM FINANCE FOR CASH HUNGRY BUSINESSES
4. INVOICE DISCOUNTING
Instant Cash Flow with Invoice Discounting
Invoice Discounting is increasingly viewed as the fastest growing alternative to bank overdraft funding. Yet, it has
rarely been made available to the smaller business.
As the name SME Invoice Finance suggests, we are here to help small and medium enterprise businesses
maximise their cash flow. We can increase the availability of your working capital by lending money against the
value of your sales invoices. We will agree what we call a prepayment facility against your invoices. Typically this
is set at about 85% of invoice value. Vital cash is released immediately, ready to be put to work where you need
it most!
Our invoice discounting service:
G generates immediate working capital
G reduces the pressure on your cash flow
G links funding to sales providing the freedom to grow without restrictions
G is typically confidential, meaning that your customers are completely unaware of your financial arrangements
G provides you with total control over your sales ledger and retains your customer relationships
G helps secure preferential early settlement discounts
G gives you instant on-line access to view your cash availability
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OPTIMUM FINANCE FOR CASH HUNGRY BUSINESSES
5. FACTORING
Our factoring service is designed to maximise your immediate and real time view of all your account
cash flow whilst removing the burden of running details and the fastest possible access to cash as
your sales ledger. and when you need it.
At SME Invoice Finance, our invoice factoring facility Factoring from SME Invoice Finance:
provides a high percentage of finance secured • Generates immediate working capital
against your invoices. Typically, this is set at about • Reduces the pressure on your cash flow
85% of invoice values. With factoring, vital cash is • Links funding to sales providing the freedom to
released immediately, ready to be put to work grow without restrictions
where you need it most. • Eliminates time and money spent on credit
control and debt collection
Additionally, as an integral part of our small • Allows you to concentrate on your core business
business factoring service we provide a without distraction
comprehensive sales ledger administration, credit • Helps secure preferential early settlement
control and collection service. This is tailored to suit discounts
your customers and their sensitivities, built around • Gives you instant online access to view your cash
the latest technology. This means that you have an availability
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OPTIMUM FINANCE FOR CASH HUNGRY BUSINESSES
6. INVOICE DISCOUNTING CASE STUDY
Financial engineering makes the ideal business solution
This engineering company assembles fabricated I would say that we have obtained a good
and machined components using a wide range of deal overall package from SME Invoice Finance
available finishes. Karen, the company's including the benefit of a competitively priced
accountant, says, “We were very keen to have facility.”
invoice discounting. We wanted to expand the
business and at the same time have peace of She continues: “The main thing that we were
mind concerning cash flow. We are close to our looking for when selecting a commercial finance
customers and continue to invest a lot of time in company was direct access to the decision-
these relationships that we have worked so hard makers. With SME, I know exactly where I stand
to foster. The fact that nobody knows about the when drawing down from our availability of
nature of the funding we use is critical to us.” working capital and can always pick up the phone
and talk to someone in authority about any issue
Whilst a company of this type and size would not concerning the business. I don’t have to face any
‘normally qualify’ for invoice discounting from the of the concerns of being passed from ‘pillar to
bank-owned finance houses, SME Invoice Finance post’ within an impersonal banking call-centre.
considered the deal on its individual merits – We appreciate that SME’s motivation is always
looking at the qualities and experience of the to be there to help and support us. Ultimately,
management team and the professionally ‘communication’ is the key word that I would
administered accounting systems. Satisfied with use to summarise what marks out SME Invoice
these criteria, SME delivered a £50,000 invoice Finance’s unique approach to service delivery.”
discounting line based on a 70% invoice
prepayment level. Karen comments: “I’m an
accountant, I used to have my own practice and I
am familiar with the terms available in the market.
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OPTIMUM FINANCE FOR CASH HUNGRY BUSINESSES
7. FACTORING CASE STUDY
Working capital boosts manpower business
This recruitment company was established by a SME Invoice Finance provided the company with
father and son team, Len and Dave, in Manchester. an £80,000 factoring facility based on an 80%
The business involves the sourcing and prepayment against invoice values.
recruitment of temporary manpower for industrial
and commercial placements.Len said, "It had “The decision to replace the bank overdraft with
become clear that a bank overdraft was no longer factoring was an important step on our road to
capable of supporting our rapid rate of expansion. growth. SME Invoice Finance provides full ledger
Now we deal with SME Invoice Finance, we are management and collections services. We do not
pleased to no longer have to go 'cap in hand' to the have to go to the expense of creating an in-house
bank to renegotiate our facility limits." department just to chase our own debts.
Outsourcing our collections is crucial, particularly
Len continues, "We initially came across SME since in this economic climate customers can be
Invoice Finance when we saw a factoring slower to pay. Another aspect of the service we
statement from a supplier come across our desks. have found helpful is SME's ability to flag up
We also had a bank-owned factor visit us, yet our certain markets that may create credit difficulties
perception was that SME Invoice Finance had a for us in the future. I don't ever once regret
'family company' feel about them that we felt making the decision to run with SME Invoice
comfortable with." Finance."
"We feel that with SME we are not just a number
and they don't seem as remote as most finance
relationships have in the past. We gained a better
impression of them right from the start. SME is
always genuinely interested in us and want to help
us develop our business."
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OPTIMUM FINANCE FOR CASH HUNGRY BUSINESSES
8. SME Invoice Finance Ltd
Head Office
Chertsey House, 56-58 Chertsey Street, Guildford GU1 4HL | Tel : 01483 531100
Brentwood
Potential House, 149-157 Kings Road, Brentwood, Essex CM14 4EG | Tel: 01277 237177
Sheffield
Hallamshire House, Meadowcourt, 5 Hayland Street, Sheffield S9 1BY | Tel : 0114 256 0033
Birmingham
Kings Court, 2625 The Crescent, Birmingham Business Park, Birmingham B37 7YE | Tel: 0121 788 0333
DEDICATED TO SMALL AND MEDIUM SIZED ENTERPRISES
