Selective Invoice Finance specialists Working Capital Partners have launched a new Export Overdraft facility for small businesses, enabling them to trade overseas without the usual complications of detailed documentation and financial risk.
Managing Director Perry Burns said “We are delighted to be launching this new export finance facility as we believe that it will enable more UK SMEs to sell overseas, when once they may have been discouraged by the paperwork and the risk of not getting paid”.
He added “We believe that the service will prove simple and straightforward for SMEs to use because payment is guaranteed as long as certain conditions are met. Export Overdraft is competitively priced with an affordable fixed fee, no hidden costs and no long term commitment. It is completely flexible and can be used for one-off orders or on a regular basis, depending on the cash flow needs of the business.”
Export Overdraft is designed to be used by SMEs venturing into the export market but it can also be used to support the cash flow needs of growing businesses who have not yet started to export but who find their cash flow under pressure because of delayed customer payments or restrictive supplier payment terms.
Unusually, the new facility is available to start-ups and businesses in recovery as well as to established companies and, as the process is very straightforward, can be used by micro businesses without an administration department.
It was officially launched at The House of Commons on Monday 21 October.
Working Capital Partners’ unique formula of simple systems, personalised client support and rapid funding decisions has made them the number one choice for flexible invoice solutions amongst many owner-managed businesses.
They are now financing more than £2m per month and growing very fast, providing a simple and flexible alternative to bank finance to a diverse range of clients in all sectors from manufacturers to service providers and consultancies, to start-ups and companies in recovery.