At GapCap, we aim to provide all of our clients with a quick and stress-free service. We understand that every business has different cashflow concerns and this is why we offer a difference in financing options to suit every need. The speed in which we can deliver funds and an appropriate solution is something we pride ourselves on, and it’s why many clients and brokers turn to us. We have been happy to recently support a client in need of fast cashflow funding. This was working in partnership with MyInvoice Finance, a highly successful business that compares invoice finance solutions using their knowledge and expertise, to find the best deal for their clients. MyInvoice Finance got in touch with GapCap when a client required urgent funding for their cashflow needs.
After considering the client’s circumstances, we agreed with MyInvoice Finance that the best solution for the client was a Selective Invoice Finance facility. This product works by enabling businesses to release their funds that are tied up in outstanding invoices. After registration, the business adds their selected debtors to the scheme. The business then uploads the invoices that require funding. GapCap then pays 85% of the invoice once it has been validated. Then, when the debtor pays the invoice, the remaining payment is issued minus the GapCap processing fee. This facility is the ideal solution for a client that needs fast payment. Furthermore, we were able to deliver the funding to the client within 48 hours. Sean Husband, the Cashflow Specialist for MyInvoice Finance, shared; “It was a pleasure working with GapCap on this case. Speed was important to the client, and they turned the case around from introduction to pay out in just a few days. A happy client!” While GapCap’s Commercial Director, Jack Trowbridge adds; “Sean’s introduction to this particular client and the help from MyInvoice Finance in providing all the relevant information in a clear and succinct manner, allowed us to in return, to provide a quick and easy turnaround for the client.”
A Growing Partnership
From the success of this case study, we look forward to supporting MyInvoice Finance and their clients in the future with our fast, flexible and efficient alternative finance solutions. To find out more about the alternative finance solutions that GapCap can offer, click here.