Accelerated Payments provided a $500,000 Receivables Finance facility to a client specializing in vehicle repairs. This client has been operating for over 20 years, offering repair services for vehicles damaged in collisions.
Despite having a positive relationship with its bank, the client faced limitations with its existing facility, which lacked the flexibility needed to support seasonal cash flow needs. These fluctuations significantly impacted the client’s ability to manage operations smoothly throughout the year.
While the client was committed to preserving its relationship with the bank, additional working capital support was necessary to effectively manage operations and new opportunities to grow its business. It became clear that an alternative financing solution was necessary to bridge its working capital gap.
Accelerated Payments is a global Invoice Finance provider that provides flexible working capital solutions to SME’s, Exporters and Mid to Large Corporates. With offices in Dublin, London, Toronto, and Florida, we shift the credit risk from our clients to their debtors, enabling us to fund a broader range of clients. With our unique and scalable Fintech platform, we’ve funded over €1.7 billion in invoices for more than 450 clients across 45 countries and 1,800 debtors to date.
At Accelerated Payments, we are always on the lookout to grow our Referral Partner network. If you are an introducer interested in partnering with us, our team is keen to hear from you – get in touch today.
