"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."
Long payment terms
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!
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