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 Bad Debt Protection.
What is Bad Debt Protection?
Bad Debt 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 Bad Debt 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.