Close Brothers Invoice Finance has introduced a dedicated new team, ‘Scale Up’, aimed at providing tailored support to start-ups and smaller SMEs. The initiative will offer facilities of up to £350,000, along with prepayments of up to 100%, enabling businesses to maximise liquidity from their very first day.
Through this service, companies will also gain access to the funder’s IDeal platform, which facilitates the transfer of the cash value of newly raised invoices directly into customers’ bank accounts as soon as they are issued.
Larger deals will continue to be supported by the Commercial team for facilities from £350k–£3m, while the Corporate & ABL team focuses on structured solutions up to £65m. For lending beyond £65m, the Syndication product can be explored.
George May, Managing Director at Close Brothers Invoice Finance, said: “Access to funding at the earliest stages remains one of the biggest challenges for UK founders and clients who may previously have struggled to secure funding.
“Whether it’s a new start or a business scaling rapidly, our products now are now suitable from inception to £1bn+ in revenue, with specialist teams across invoice finance, asset-based lending, and syndications.”
Team picture, left to right: Andy Leopold, Imogen Hunt, Mike Walsh, Monica Judge, Ash Middleton, Adam Knox, Martin Baker, George May, Martin Isik-Rozwadowski
