Export factoring in action

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10 November 2009

Venture Finance has rolled out an export factoring solution for Progressive Die Components, reflecting the difficulties faced by companies in accessing financing from traditional lenders.

Invoice and asset-based lender, Venture Finance has provided a £150,000 funding facility for new business Progressive Die Components to help the company get off the ground.

Having been rejected for credit from various high street banks, Progressive Die Components turned to Venture Finance, which implemented a domestic and export factoring facility that included bad debt protection.Sussex-based Progressive Die Components Ltd is a manufacturer...

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