£280,000 Invoice Finance Facility for Recycled Paper Product Business

Accelerated Payments recently provided a £280,000 Invoice Finance facility to support a growing Recycled Paper Product business. This client is one of the leading producers of recycled paper products in Europe, developing and manufacturing items from 100% wastepaper. Their products are 100% recyclable, biodegradable, and compostable, serving as environmentally friendly alternatives to single-use plastics.

In Partnership with: Virgin Money
Virgin Money

Overview

Challenges facing this client

As the business emerged into new global markets, it required additional working capital support beyond its existing facility with our partner, Virgin Money. The client needed a financing solution that could support export territories and overseas subsidiaries, addressing the specific demands of international expansion.

Accelerated Payments provided a flexible Invoice Finance solution that could seamlessly integrate with the client’s existing funding arrangements. This solution included:

  • Our facility provided essential working capital by funding the client’s main debtor, with the potential for further growth.
  • The facility was designed to support the client’s operations in new and existing export territories, ensuring uninterrupted cash flow.
  • Our solution worked alongside the client’s existing facility with Virgin Money, enhancing their overall financial flexibility.

The Solution

The Benefits

  • Non-Recourse Offering: The business gained access to much-needed working capital to support its growth ambitions without the risk associated with recourse financing.
  • Selective Financing: The client could pick and choose which invoices to finance and when, providing financial flexibility without committing to long-term contracts or complex security arrangements.
  • Enhanced Growth Capability: The additional working capital allowed the client to pursue new market opportunities and support its expansion into global markets.

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.

About Accelerated Payments

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English (United States)