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VBRA helps members with cashflow

20th October 1994, Page 13
20th October 1994
Page 13
Page 13, 20th October 1994 — VBRA helps members with cashflow
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• The Vehicle Builders and Repairers' Association (VBRA) has negotiated a Factoring scheme for its members to help them improve cashf low and to fund work in progress. Cash Express will buy debts owed to a VBRA member company for cash, retaining 1.5%-4% of the invoice value as its fee. The scheme offers four options: insurance invoice discounting; maior trade invoice discounting; whole turnover discounting; and confidential discounting. VBRA expects up to 15% of its 3,000-strong membership to take advantage of the scheme.