What invoice financing or discounting services do members recommend for drinks businesses?

Several invoice financing providers are actively used and recommended by members in the drinks industry.

- **Close Brothers** — Known for strong industry expertise in drinks. Rigorous due diligence process, but highly regarded. Offers bad debt cover. Members have made introductions available. - **HYDR** — Charges 5% and pays same day the invoice is raised. Integrates with Xero and banking systems. Proactive in chasing buyer approval and follow-up. Members report no issues and recommend. - **Novuna** — Used by members; recommended for invoice financing. - **Growth Lending** — Mentioned as an option for invoice financing in the drinks space. - **Time Finance** — Recommended by members who can provide introductions.

Members specifically noted they wanted providers that **understand the drinks industry** rather than generic lenders. Close Brothers' strong bad debt cover was highlighted as valuable. HYDR's same-day payment and proactive buyer-chasing were cited as practical advantages.