We get numerous requests for debtor finance from businesses that work under the Energy Companies Obligation / Green Deal scheme and whilst most lenders will not look at funding these we have had success in obtaining factoring in this industry. Indeed in the last month we managed to secure another facility for £750,000 to assist a growing business. There are some must haves to put yourself in a position for invoice finance.
Firstly the contract needs to be with a major utility player direct, the likes of E.ON, British Gas etc. We need to see a copy of this contract and usually you will need to get a waiver to be able to assign these invoice for funding.
Ideally you will already run a trading business in this sector and be a homeowner (albeit we have never had a lender take a direct charge over a property).
If you operate under this scheme and need to fund your cashflow please get in touch on 0800 304 7076 and speak with Liam or email firstname.lastname@example.org