Company X is an owner driver who gets paid 30 days from the date of their invoice, but in those 30 days they have to pay for their fuel, trailer hire, and any other expenses they might incur. If they come to us to factor that invoice they will get 98% of the invoice value into their bank in 2 working days, that allows them to pay for their expenses and keeps them on the road. We then collect the money owed when it is due.
Mr Y owns a labour agency, he needs to pay his staff each week but is worried that because his customers take so long to pay, he will not be able to pay his staff on time. If he decides to invoice factor with Silverburn Finance then all he would have to do would be to send his timesheets in with an invoice weekly and we will pay him within 48 hours (2 working days). Invoice factoring with Silverburn Finance, allows him to control his cashflow and pay his staff plus any overheads without worry.
Mr & Mrs Z own an interior design company. They are doing very well and have a good turnover and client base. They are constantly busy but they find that they are struggling with their cashflow. As soon as they have finished one job; they want to be starting another but because they are waiting to get paid they are struggling to finance the materials for their next job. If they decided they would invoice factor with Silverburn Finance, they could get up to 98.25% for their invoices in 2 working days, unlocking their cashflow and allowing them to concentrate on what they do best.