Case Studies
€780K Invoice Discounting for Fast Growing Exporter
I was amazed how quickly Clancy was able to arrange funding – we had money in our bank within days
The Outcome
- €780K released from outstanding export debtors
- Facility live and paid out 2 weeks after meeting funder
- Overseas debtor invoices funded within 24 hours
- 100% bad debt protection included
- Cashflow gap closed
- Funding capacity to support overseas expansion
1.
Summary
This medical device exporter was growing internationally but needed additional working capital to support that growth.
CBF introduced the business to an export finance specialist and secured an invoice discounting facility with bad debt protection, releasing €780K from outstanding export debtors.
2.
Challenge
The business was required to pay suppliers within 30 days, while its international customers were on extended payment terms.
This created a significant cashflow gap, which was becoming a constraint as the business expanded.
The business had also struggled to find a local invoice discounting provider with the appetite to fund overseas debtors.
3.
Approach
CBF introduced the business to an export finance specialist with experience in funding international debtors.
An invoice discounting facility with bad debt protection was structured around the company’s export ledger, allowing overseas invoices to be funded within 24 hours.
