JJ Foodservice is helping friers manage their cash flow by increasing payment terms on its Mastercard and doubling the maximum spending limit.
The JJ Foodservice Mastercard, which was launched 12 months ago, is now offering up to 56 days of interest-free credit and up to £50,000 to spend, with no monthly or annual fees. It means friers have more than £3,400,000 in credit a month.
Originally the card offered up to £25,000 to spend and up to 37 days of interest-free credit
Group general Manager for JJ Foodservice, Terry Larkin, said: “We are delighted to be able to support independent caterers with one of their biggest challenges; managing cash flow.
“We provide credit limits that are affordable and beneficial for businesses allowing caterers to buy the stock they need. Now with longer terms to repay, we're supporting them to improve their cash flow."