Invoice Discounting: Streamline Cash Flow

With traditional bank overdrafts becoming less common, Invoice Discounting has emerged as a quick and effective way to free up cash while maintaining your existing credit control procedures. This solution is ideal for small and medium-sized businesses looking to improve liquidity without disrupting their operations.

Benefits:

• Improved Cash Flow: Access up to 90% of the invoice value as soon as you issue your invoice, rather than waiting up to 90 days for payment.
• Confidentiality: Your customers will remain unaware of the Invoice Discounting arrangement, preserving your business relationships.
• Optional Bad Debt Protection: Combine with Bad Debt Protection to minimize the risk associated with customers who may default on payments.
• Rapid Access to Funds: Cleared funds can be available in your account the day after you raise your invoice.
• Control Retention: Maintain control over your credit management functions.
• Scalable Financing: Unlike overdrafts or loans, Invoice Discounting scales with your business growth, providing more funds as your needs increase.

Letters of Credit (L/C): Secure International Trade

Letters of Credit are crucial for managing risks associated with international transactions. They provide a guarantee of payment and protect against defaults from overseas clients, ensuring smooth cross-border trade.

Benefits:

• Risk Mitigation: Protects against non-payment by foreign buyers.
• Payment Guarantee: Ensures that payment will be made upon meeting the specified terms of the Letter of Credit.
• Versatility: Suitable for businesses of all sizes and complexities, enhancing confidence in international dealings.

Debt Insurance: Protect Against Bad Debts

Our Debt Insurance service offers peace of mind by safeguarding your business against the risk of customer insolvency. This service complements our Factoring and Invoice Discounting options, providing comprehensive protection and allowing your business to thrive with confidence.

Benefits:

• Up to 100% Protection: Coverage for credit-approved debts, ensuring financial stability even if a customer defaults.
• Credit Advice: Receive expert advice to build a stable and resilient business.
• Good Credit Limits: Obtain favorable credit limits on your customers.
• Fast Claims: Quick payment processing with minimal paperwork required.
• Competitive Pricing: Affordable service, also available for export activities.
• Automatic Payouts: Automatic payments on approved invoices after 120 days for factoring clients.

Overdraft: Flexible Financial Management

An arranged overdraft provides a financial safety net for unexpected expenses and cash flow fluctuations. By agreeing on an overdraft limit with your bank, you gain access to additional funds when needed, offering flexibility for managing your business finances.

Benefits:

• Immediate Access: Access additional cash the next working day if your overdraft request is approved.
• Financial Flexibility: Provides a buffer for emergencies and unexpected bills.
• Control and Awareness: Stay within your agreed overdraft limit to avoid unarranged overdrafts and associated fees.

Unsecured SME Finance: Flexible Financing for Small and Medium Enterprises

Our Unsecured SME Finance solution provides businesses with up to £350,000 in funding without the need for collateral.

Key Features:

• Flexible Repayment: Funds are advanced against future card payments. Repayments vary based on business volume—higher payments during busy periods and lower during slower times.
• No Fixed Payments: Avoid the stress of fixed monthly payments, late fees, early redemption fees, or minimum monthly payments.
• Simple Cost Structure: Enjoy a straightforward financial arrangement with a single, fixed cost and no APR.

This solution offers significant flexibility for SMEs looking to manage cash flow and business expenses without the constraints of traditional financing.

For more information on how our Specialist Finance