VPhase agrees £500k factoring deal
8th August 2012
ENERGY saving products developer VPhase has agreed a £500,000 factoring deal to help it continue growing.The Capenhurst-based AIM company said it and subsidiary VPhase Smart Energy had entered into the international factoring facility with its principal lender.
The deal will allow the VPhase to draw down up to 50% of eligible debts to a facility limit of £500,000. As well as providing additional working capital funding, the agreement also provides a credit management service which will help with both debt ......for the full story register now for free or login below...
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