Tentsile

Customer since:
2019
Region:
London
Industry:
Camping
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"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

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

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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

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