HSBC Malta launches receivables finance solutions

HSBC Bank Malta has launched two new receivables finance products to offer its business clients more consistent cash flow and better working capital management.

“These two new products – Invoice Finance for Small Businesses and Invoice Discounting –are a response to customers’ feedback for more tailored receivables finance products,” HSBC Malta’s head of receivables finance Vincent Borg said.

Whether trading in Malta or internationally, receivables finance offers an ideal solution for companies growing beyond their existing credit facilities.

“Customers may send us their invoices once they’ve been issued and we advance funding against the invoice of up to 85 per cent of eligible invoices, typically within 48 hours.

“Faster access to cash traditionally caught in the sales cycle brings many business advantages. These include making cash available to meet day-to-day commitments or even pay suppliers in advance to negotiate more favourable rates and better terms,” Borg explained.

HSBC Malta strongly recommends that companies protect their international transactions against default by their debtors, using credit protection which HSBC also provides.