Close Brothers Commercial Finance, leading providers of alternative funding for firms in the UK and Ireland, adds Liquidity Plus to their suite of products.
Access to finance is still a significant barrier to growth for a number of organisations; the most recent Close Brothers Business Barometer survey in June revealed this to be true for one in four owners/managers. New products that help overcome such issues will be welcome news to firms throughout Ireland.
Ciaran McAreavey, MD for Close Brothers Commercial Finance explains more: “We’ve always demonstrated a commitment to supporting our customers with a fantastic choice of finance options and I’m delighted that we’ve added this product to the mix.
“Liquidity Plus can be bolted on to an existing Close Brothers invoice discounting facility over an agreed period of time. It tops up the amount of funds that we can release for our customers, based on the value of their outstanding invoices.
“It’s useful for a variety of scenarios, from providing extra money to invest in capital equipment, to easing cash flow in times of unusually high customer demand and it can be switched on as many times as required.”
The product has already helped a number of firms, including Bridgeman Recruitment Services Ltd, who plan to use the additional funds to support expansion into a new division.
Ciaran continued, “Businesses often need a finance boost to help in any number of situations and our product can help release up to 100% of the value of unpaid customer invoices, enabling quick access to additional cash as and when it’s needed.”