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What ?

We give you access to bespoke and specialist fast access to the money tied up in your unpaid invoices. It’s called invoice finance and has overtaken the traditional overdraft as the most popular form of funding for SMEs in the UK.

Why?

Because, unlike an overdraft, the facility cannot be withdrawn without warning – so you have much greater peace of mind. 


And because the amount you can access gets bigger the more invoices you generate – no need to go cap in hand to the bank to ask for a higher limit as your business grows.


Apart from Invoice finance, you will also have lots of to tailor it to best meet your needs as there are numerous variations that can be mixed and matched for you.

Factoring

Advance of an agreed percentage (up to 85%) of the money owed to you by your customers, the remaining balance when they pay. Your sales ledger management and collecting your debts will also be taken care of by an experienced credit control team – so your customers deal directly with lender, acting on your behalf.
  • It’s much more efficient, improving your cash flow and freeing you from the headaches of administration – you can devote more of your valuable time to what you know best.
  • You are automatically provided with an online ‘real-time’ system so that you can manage and monitor your account and sales ledger 24 hours a day, 365 days a year.
  • For additional peace of mind, and at low cost, Factoring can also include Debtor Protection against bad debts and protracted default – unfortunately there are many companies today who wished they had this kind of cover! 
    • It protects your biggest asset, your accounts receivables, in the event that a customer becomes insolvent or is unable to pay for a protracted period.

Invoice discounting

With this option, you still have access to an agreed up-front percentage of the outstanding cash owed by customers. 

The difference is that you continue to manage your own sales ledger, credit control and collections.
  • Your customers are unaware of discounting lender involvement
  • There is a ‘Disclosed’ option if you prefer your customers to be aware of lender involvement, which can often mean they settle their invoices more quickly.
  • Unlike most other providers of Invoice Discounting, there is no need to complete a long and complicated month-end reconciliation.
  • This facility can also include Debtor Protection (see ‘Factoring’ above).

Debtor protection

This is an optional feature that can be added to any of our invoice finance facilities.

  • It protects your biggest asset, your accounts receivables, in the event that a client becomes insolvent or is unable to pay for a protracted period.
  • Knowing that your cashflow is safeguarded against these risks gives you considerable peace of mind.
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