Cattles Invoice Finance has structured a deal with the Dental Laboratories Association to offer invoice finance facilities to its 900 members.
Members of the Nottingham based trade Association provide a wide range of products to dentists from false teeth to orthodontic equipment, and an invoice finance facility will enable them to improve their working capital by advancing up to 85% of the cash value of invoices that they issue.
Commenting on the deal, Calvin Dexter, regional manager for Cattles Invoice Finance, said: "Businesses are taking longer and longer to pay invoices which can put a severe amount of pressure on a company’s cash flow, particularly after Christmas.
By setting up an invoice finance facility, members of the Dental Laboratories Association will be able to concentrate on running the business rather than worrying about running out of cash."
