Giving Customers Credit

baker6743

Hi
We manufacture windows some of our bigger customers now require 30 days credit this is usually the way in in our industry but to save our business waiting 30 days as we are quite new is there a insurance back or credit facility that give you the money? 

Fletcher86

You would need to look into Invoice Factoring, there are lots of companies who provide this service, they will take a cut, but pay you straight away and collect the debt from your customers instead of you having to do it.

The other option is to use a commercial BNPL supplier.

Murphy_The_Cat

OP, Factoring or invoice discounting are a couple of options and both come with a financial cost of the service.  What can be worse is the level of administration/reporting that the bank forces on you - you have to do things EXACTLY how they demand, with zero wiggle room for error.

Plus, once the bank has their claws into you, it can be very, very difficult to get your independance back again.