We recently welcomed back a former recruitment client serving the construction and built environment sector. This company left us 5 years ago for another invoice finance provider, opting for a package that included outsourced back-office services.
Over time, they encountered challenges with their existing arrangement, experiencing limitations with funding levels and frustrations with the rigidity of their facility. They reached out to our partner, Compare Factoring, for advise on alternative options.
Compare Factoring, understanding the client’s specific needs and previous experience with Team Factors, recommended re-evaluating our services.
We were able to offer a £350k invoice factoring line that:
- Reduced costs by 40%: Providing significant cost savings for the client.
- Increased credit limits: Significantly increased their protected customer credit limits, providing greater financial flexibility.
- Enhanced operational freedom: Offered more flexibility and control over their operations compared to their previous provider.
This successful re-onboarding demonstrates the value of strong partnerships with brokers like Compare Factoring and highlights our ability to provide tailored solutions that meet clients’ evolving needs.
Discussions are now underway to bring two more of their business entities under our funding umbrella.
Looking for a finance partner that truly supports your business growth?
At Team Factors, we provide flexible, tailored funding solutions to help businesses thrive. Whether you’re reviewing your current facility or exploring invoice finance for the first time, we’re here to help.
Get in touch today to see how we can support your business.