Credit Protection
As an SME, making sure your cashflow is stable and you are protected against payment delays, or even missed payments can be crucial.
Even when business is thriving it can take just a few unpaid invoices to cause significant problems.
If you are looking for security and the confidence that you will receive payment for the work you’ve done or products you’ve sold, then you can protect your finances with Credit Protection.
Speak with one of our team today
What is Credit Protection?
Credit Protection is an option that can be coupled with your Bibby Financial Services finance facility to help reduce the risks caused by contractual debt and customers not paying you for the products or services you have provided.
How does it work?
Choosing Credit Protection with us means that we will protect you against the risk of bad debts from your customer base. You can decide how many customers you would like to cover, and we’ll do the rest.
We take care of all of the administration for both existing and prospective customers so you can free up your time to focus on running your business.
Key Benefits
Secure
We can protect up to 90% of your bad debts
Flexible
You decide which customers need to be covered
Advanced
Monitor customers and act before they become a bad debt
Personal
We get to know our clients who value our relationship-based approach
Complete
Is Credit Protection right for you?
Credit Protection can provide you with security if you:
- Want to minimise the risk of non-payment from customers
- Want to protect your cashflow
- Have a small amount of customers that represent a large percentage of your sales
- Have had previous experience of customer bad debt
