A new source of funding for SME's has recently been launched in Wilmslow.
Palace Green Finance provides working capital to small businesses who are unable to obtain funding from the banks because they do not have a long operating history, a strong balance sheet, or good credit history.
Del Folkes, the Managing Director of Palace Green Finance said "Many small businesses are finding their traditional sources of finance are much reduced or just not available. We offer those companies a flexible 'You Choose When to Use' service.
"We differ from Traditional Factoring companies by requiring no monthly minimums, no long term contracts and no service fees. Clients simply sell us selected individual invoices at a discount. This is great for our clients, as they know from the very start, exactly what they will pay."
The initial approval takes as little as five days and subsequent transactions can be completed in 24 hours.
Del Folkes has been in the Financial Industry since 1991 and is a member of the Greater Manchester Chamber of Commerce. He established Palace Green Finance, which is independent company, to help small business struggling with cash flow issues.
Email for further information, call 0871 2373 100 or visit the Palace Green website.
