Cookie Consent

By clicking “Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyse site usage, and assist in our marketing efforts. View our Privacy Policy for more information.

Tentsile

Customer since:
2019
Region:
London
Industry:
Camping
Share this:

"We approached our Barclays Relationship Manager, and he suggested invoice finance from Kriya Lending as a way of releasing working capital from invoices that have been issued but have long payment terms."

Alex Shirley-Smith
Founder
  |  
Tentsile
Tentsile
Challenge

Long payment terms

Solution

Kriya Lending

How Tentsile used invoice finance to keep cash flow healthy in face of a long production cycle

The Tentsile production cycle is a lengthy one – from sourcing materials for manufacturing to delivering a final product for payment. The process is made longer because they use shipping for delivery. Their company is committed to lessening their impact on the environment. But because of the time shipping takes, there is quite a lag between spending the cash to make their goods and eventually getting paid.

With 60- or 90-day payment terms from their retailers, they needed to bridge the cash gap so they had the cash to manufacture their orders. Through the Barclays/Kriya Lending partnership, Tentsile was able to access the cash tied they were owed quicker with invoice finance. Now it’s plain sailing!

Your Kriya Payments story starts here

Please fill out the form and a member of our team will be in touch

Your Kriya Lending story starts here

Please fill out the form and a member of our team will be in touch

Your Kriya story starts here

Please fill out the form and a member of our team will be in touch

Explore related posts

Phil Dean, Founder & MD

Certain

A creative agency specialising in brand strategy, insight and communications

This is some text inside of a div block.
 min read
Read the story