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- 0161 710 4100
- enquiries@apollofinance.biz
Each year, 50,000 small businesses go bankrupt due to late or non-payment from their customers.
It’s a real risk to your business. That’s why we offer Bad Debt Protection, a way for you to still get your invoices paid, even if your customers don’t pay.
Bad Debt Protection (BDP) is a service add-on that works alongside your existing invoice finance facility. In the event that one of your customers can’t pay their invoice, BDP allows you to still receive up to 90% of the invoice value. This protects your business against the financial loss you’d experience from such an event.
Here’s a story to highlight in practice: One of our clients had a long-standing customer who suddenly went bust, leaving £50,000 in unpaid invoices owed to our client.
Usually, this loss would need to be absorbed by the business, which puts them under serious financial pressure. But with a small fee of just 1% of the invoice value, they can protect themselves from this risk and still receive up to 90% of the invoice value, cutting the loss to just £5,000.
1.
We advance up to 90% of the invoice value within 24 hours.
3.
If your customer can’t pay, BDP kicks in, covering up to 90% of your invoice value
You deliver your products or services to your customers.
2.
If your customer pays normally – great! We release the remaining balance minus our fee.
4.
Stop lying awake wondering if that client will pay their large invoice.
Don’t worry, we’ll handle the collection process. We want you to focus on running and growing your business!
Take on promising new customers without excessive financial risk.
We understand that you may have questions about our services.
Here are some of the most frequently asked questions to help you make an informed decision:
Bad Debt Protection costs just 1% of your invoice value. A small price to pay for added security.
Absolutely! We can integrate BDP into your existing facility with minimal paperwork.