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Factoring & Invoice Discounting

Skipton Business Finance expands into Derbyshire

By CreditMan Monday, June 3, 2013

Skipton Business Finance has continuing its UK expansion drive by expanding into the Derbyshire region, following an encouraging increase in regional businesses requiring finance.

The company, part of Skipton Building Society, have recently recruited a business development manager to cover the Derbyshire region and say that a rise in SMEs needing a stimulus of working capital has led them to expand.

John Colburn, Corporate Manager, said: “Skipton Business Finance remains active in supporting local businesses and it is encouraging to see an increase in the number of Derbyshire-based companies requiring our services.”

He continued: “Bank loans and overdrafts are becoming more expensive and difficult to obtain, so it’s only natural that business leaders in the region are looking at alternative forms of funding like factoring and invoice discounting.”

Mr Colburn also said that his business share their parent company’s mutual ethos that spans over 160 years.

“Skipton Business Finance shares its parent’s ethos in helping owner-managers create wealth and employment, by actively promoting lending in what remains a challenging market.”

A subsidiary of Skipton Building Society, SBF is a leading independent factoring and invoice discounting provider, offering a range of working capital solutions for businesses with annual sales ranging from new-start to £30m.