Local Loop Mersyside

Local Loop helps Merseyside B2Bs get paid faster for the sales they make locally. Less stress and wasted time chasing invoices means better relationships with customers, and - in turn - the ability to be a better payer for suppliers.

But why is getting paid - and paying - on time for each and every invoice so difficult to manage?

A key problem here is what we call ‘payment gridlocks’, those stressful situations of having to explain to your supplier “I can't pay because I haven't been paid”, only to find that the customers who owe you are in exactly the same situation. All too often, one business’ cash flow crunch sets off a domino effect of late payments.

As it happens, there’s one group of businesses that know exactly how to solve this - the banks. ‘Clearing’ has been used by the banks for hundreds of years, and enables them to handle billions of pounds in global payments to each other with minimal uncertainty, delay, and cost.

The Local Loop platform was built to make clearing available to Merseyside B2Bs of all sizes and sectors. By doing all of the invoice data collection, analysis, and results implementation, we help ensure faster payment for the work your business does, and reduce the stress and hassle of chasing (and being chased).
As the UK’s first ‘Clearing Club’, Local Loop Merseyside’s ambition is to build the most collaborative economy in the UK. Find out more and get involved on our website.