We are excited to share a recent success story that highlights the power of our Single Invoice Finance solution in supporting exporting businesses.
Our client, a supply chain expert operating across Europe, Asia, the Middle East, and South America, faced a significant challenge. Whilst building a fresh produce procurement system, they continued to fulfill fresh produce needs at affordable prices using sustainable sourcing strategies. However, their working capital was running low due to extended payment terms (90 days+) for large invoices with a debtor based in the UAE.
As they were in a growth phase and investing heavily in their procurement system, they needed a facility to draw upon cash upfront to maintain their growth momentum and utilise funds as required. The perishability of their goods and the debtor’s location in the UAE made it difficult to find a lender that could offer a cost-effective solution for specific invoices.
How Newable Commerce Helped
Newable Commerce stepped in with a tailored Single Invoice Finance facility, offering payment terms of up to 150 days. This solution provided the business with the flexibility to choose which invoices to fund, alleviating their immediate cash flow requirements. The 12-month facility ensured they could eliminate cash flow problems moving forward, giving them peace of mind to select future invoices at a rate and time that worked for them.
Our Single Invoice Finance facility enabled the client to receive 85% of the invoice value upfront, rather than waiting for payment from the debtor. This allowed them to continue with their growth plans and utilise the cash in other areas, avoiding the negative impact that would have otherwise been felt by the business.
The Benefits of Our UKEF Backed Facility
This deal underscores how our UKEF backed facility can provide solutions that might otherwise be difficult to find. It highlights our flexibility and determination to ensure exporting businesses have a finance solution designed to work with them now and continue to grow alongside them in the future.
If your business is facing similar challenges, we are here to help. Contact us today to learn more about how our Single Invoice Finance solution can support your growth.