Within a demanding sector, Arc Fabs offer a range of lifting machinery and asset tracking services. Delivering a skilled labour force, their aim is to support their clients to hit their targets.
What Makes Invoice Finance a ‘Fab’ Business Decision?
“Invoice finance removes a lot of stress that comes with running a business and managing the cashflow” says Founder, of Arc Fabrications, Matt Jones.
“For three years we’ve been using Calverton’s invoice finance facility, which means we’re able to deal in real time payment rather than waiting for payment to be drip fed in from our customers. There’s a lot of comfort knowing that when we issue an invoice to our customers, Calverton will pay us the bulk of it almost immediately.”
Quick Access to Funds
FACT: Calverton will pay up to 90% of each issued invoice within 24 hours. The balance is paid when your customers have settled their invoice.
“Real time payment is vital to us as we deal with a lot of labourers who are paid weekly – it’s our biggest outgoing. To ensure we have the best team on our books and to keep them there we need to guarantee we pay them quickly each and every week.”
“The problem we were facing before we introduced an invoice finance facility into our accounting was trying to maintain a fluid cashflow. One minute we’d have money in the bank, the next minute we’d have our own out goings to meet and yet waiting to be paid ourselves. Now that financial worry has been taken away; it’s one less thing to worry about and think about.”
FACT: Invoice finance customers agree, it’s a facility that provides financial stability and peace of mind.
Setting Up Our Facility
“Arranging our facility was easy. We met Calverton after a recommendation from a business peer. We liked what they had to say, they personalised it all and didn’t complicate things with jargon. It was straight talking, meaning they were easy to deal with. Our facility was set up within a few weeks so we could start benefiting from our cashflow and working capital very quickly. This meant we could immediately seize growth opportunities and really look to expand our businesses at a time when the market was booming- we didn’t have to fear we’d miss out.”
FACT: Invoice finance is the UK’s most popular alternative finance; with more than 44,000 businesses reaping the benefits.
“Would I recommend Calverton? Most certainly – what business wouldn’t want immediate payment? Oh, and the inclusive credit control is a bonus too!”
FACT: It’s the Calverton Culture – our straight talking, helpful manner is one of the reasons we’ve been voted the best invoice finance provider to SMEs; and also why we have the highest retention rates in the business!
Matt Jones | Arc Fabs (Yorkshire)