Funding Solutions

The largest single reason for business failure is lack of cash. Statistics show that up to 75% of small to medium sized companies operate day to day when managing cash-flow, often at the expense of creditors.

Our Business Finance Team have in depth knowledge of both the independent and high street lending markets, which means that they are able to provide you with the right facility to suit your business and circumstances.

Invoice Finance

Whatever the cash flow requirement, whether it is for developing new products/services, financing an acquisition or simply raising funds required for your existing business Invoice Finance enables you to release funds tied up in your outstanding invoices, allowing these valuable funds to start to work for you.

Back to top

Factoring

With factoring, your invoices effectively become cleared funds, freeing up the capital for you to use immediately. You raise and issue your invoices, and in general lenders will advance an agreed pre-payment percentage to you immediately (up to 95% dependant on individual circumstances) and pay you the balance, less fees, on receipt from your customer. 

Key Points

• You provide your lender with copy invoices

• The facility is disclosed to your customers

• Your lender will provide a full credit control service

• Your customers pay the Factor direct

Back to top

Invoice Discounting

Invoice Discounting is similar to Factoring in that you raise and issue your invoices, and funds are advanced up to an agreed pre-payment percentage to you straight away (up to 95%) and pay you the balance, less fees, on receipt from your customer.

Key Points

• You advise your lender of invoice totals rather than providing paper copies
• Facility can be disclosed or confidential (the latter being the more popular)
• You retain full control of your credit control
• Your customer still pays you direct

Back to top

Asset Finance

Asset Finance can assist your business with hire purchase, finance lease or minimum term agreement facilities for both new and existing equipment.

Asset Finance enables the purchase of capital equipment without the financial burden of outright purchase. You pay for the asset with the income it generates or the costs saved and in turn this helps to maximise your working capital.

Back to top 

Payroll Finance

Many businesses have experienced working capital being tied up in employees’ wages.  

Payroll Funding pays your employee's wages and PAYE commitment, freeing up valuable working capital for your business.

Unlike other ‘traditional’ finance methods Payroll Funding can be arranged with little or no security and with no long term contract which makes this type of funding attractive to businesses that may not be suitable for other types of funding or have large wage commitments.

Back to top