Revolving Credit Facility

Finance Options

This is a facility where the money can be paid back over 12 months, but this money works as a slush fund, so let’s say you have a limit of £10K you can draw anything down up to this value and pay it back over 12 months. But this is primarily used for short term funding. So let’s say you need £5K for a supplier until your customer pays you in 9 days. You can use the £5K and pay this back in 9 days for £65.25 based on an interest rate of 4.35%.

It works the same as a factoring facility but its effectively called a revolving credit facility. The funder would ask for PG. There is no debenture no additional collateral needed. There are no setup costs and you only pay for what you use. Keen to help so any questions please feel free to let me know.

If you want me to try and get you a flexible loan, which only charges you interest for how long the money is out for. I have a few funders who offer this type of loan but the attached application form will help for any of them.

Factoring is a way of raising money against your outstanding ledger. The process works as follows;

Deliver your goods or service

  • Send your invoice to the finance company and your customer
  • Receive up to 90% of the invoice value from your chosen finance company
  • Your customer pays the invoice 30-60-90 days later (as normal)
  • The finance company pay you back the remaining 10-20% of the invoice minus their fees (Typically less than 2%)

This is quit a complex product so a chat over the phone might be best. But this would fund your ongoing Cashflow requirements.

About Factoring

About Factoring

Factoring is a way of raising money against your outstanding ledger. The process works as follows;

Deliver your goods or service

  • Send your invoice to the finance company and your customer
  • Receive up to 90% of the invoice value from your chosen finance company
  • Your customer pays the invoice 30-60-90 days later (as normal)
  • The finance company pay you back the remaining 10-20% of the invoice minus their fees (Typically less than 2%)

This is quit a complex product so a chat over the phone might be best. But this would fund your ongoing Cashflow requirements.

Business Loan - up to 5 years

You could get a loan into the business up to 5 years. If you are looking to expand, buy more equipment etc. A loan might be the easiest route. This is an unsecured loan, all the funder asks is a PG. But it isn’t secured against anything in the company. Also these loans generally don’t charge termination fees.

So if you borrow £100K over 5 years, then pay this off in 6 months, you wont be charged the interest for the remaining term of the loan.

MENU