New Business Finance Product Launched in Wakefield
Mon 13 Oct 2014
Wakefield-based invoice finance expert, Graham Cooper, has launched a new business finance fund with the backing of a UK plc.
The new venture, Spot Factoring UK, is aimed at owner-managed businesses seeking to raise short-term finance on selected invoices for individual amounts up to £100k
Graham, who has over 35 years’ experience in banking and asset-based lending, will offer the funding alongside more traditional invoice finance products through his advisory firm Avanti Corporate Solutions.
“Spot Factoring is becoming increasingly popular as an alternative to the traditional bank overdraft and enables businesses to raise cash on single invoices for short periods of time to support cash flow.
“I see this is a great opportunity to work with businesses requiring a speedy delivery of finance, on an ad-hoc basis, without committing to long-term contracts”
“I am passionate about finding solutions which are a best fit for my clients. The opportunity to provide funds within 48 hours to meet short-term needs will enable business owners more time to seek the most effective longer term solutions”