Invoice Finance Enables Growth for a Domiciliary Care Business

Our latest client is a domiciliary care business in London. Despite an impressive turnover, they struggled to secure traditional funding due to both the director and the business dealing with a CCJ. Read how they overcame this hurdle with Apollo.
Young woman caring for older adult.
The business faced significant growth opportunities but was constrained by cash flow issues. Despite having an impressive turnover, the CCJ restricted their ability to secure necessary funds. They had several ongoing care packages with local authorities and had been offered additional packages, but couldn’t commit to these new opportunities without securing invoice finance to support their operational costs.

Solution:

Apollo Business Finance stepped in to provide a comprehensive invoice factoring solution. We set them up with a £175,000 funding line, advancing 85% of the invoice value. This immediate access to funds enabled the business to manage its 21-day payment terms effectively.

Impact:

  1. Increased Capacity: The funding allowed the business to take on new care packages from local authorities, significantly increasing its service capacity.
  2. Cash Flow Stability: With the improved cash flow, the business could maintain consistent operations, paying staff and suppliers on time.
  3. Future Growth: The business is now well-positioned to support new customers and expand its reach, thanks to the financial stability provided by our factoring solution.

Why Choose Apollo:

  • High Approval Rate: We fund businesses with CCJs and poor credit histories.
  • Quick Decisions: Fast approval process, enabling businesses to seize new opportunities.
  • Flexible Funding: Tailored solutions that meet the specific needs of our clients.

If your business is facing similar challenges and you need a reliable funding partner, contact us today to learn how we can help you grow and succeed.

Picture of Dominic Davison

Dominic Davison

Dominic is the Marketing Manager at Apollo Business Finance, bringing over nine years of combined experience in marketing and invoice finance. With a bachelor’s degree in Marketing Management and as a member of the Chartered Institute of Marketing, Dominic leads Apollo's marketing efforts, making finance more accessible and helping businesses understand the value of our invoice finance solutions.

About Us

Apollo Business Finance is one of the UK’s fastest-growing independent invoice finance lender. We provide businesses of all shapes and sizes with the cash flow support they need to grow, regardless of credit history or past hurdles.

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