For businesses that sell to other businesses on trade credit it’s a flexible working capital solution that allows you to convert your outstanding sales invoices into cash, giving you greater control about how you develop and grow your business.
Typically, we provide up to 90% of the invoice amount on the day you send us details of your sales. You retain control of your sales ledger and collections activity and we can even provide the facility confidentially so your customers are not aware of our involvement. When we receive payment from your customers we release the balance of 10% less our charges.
We charge a monthly service fee which is typically a percentage of your turnover, and a discount fee (interest) on the amount you’ve drawn from us.