In a strategic partnership aimed at empowering SMEs through improving access to working capital, Demica, a leading provider of working capital solutions, is pleased to announce its collaboration with Jardine Norton, an innovative trade finance company.
Access to trade finance can prove more challenging for SMEs, given their size and limited resources. Jardine Norton supports SMEs by offering alternative funding sources.
Specialising in selective invoice discounting, Jardine Norton primarily serves UK SMEs in various commercial sectors, such as manufacturing, energy and transport, that typically supply large, creditworthy corporate customers. Jardine Norton’s role is to finance the invoices directed towards these larger companies, thereby enabling SMEs to secure essential working capital. This process effectively bridges the gap between invoicing and receiving payment, supporting SMEs in maintaining their financial stability and growth.
Jardine Norton aims to more than double the size of its financed portfolio.