No commitment or monthly Fee,choose an invoice or multiple invoices, receive the money the same day and collect the invoices yourself and noPersonal Guarantee is necessary.
How does it work and how much does it cost?
Simply choose a single or multiple invoices to Finance and then you collect them as normal.
There are no annual fees or permanent fixed monthly fees, you just use the Finance Company as much or as little as you wish, once or a hundred times, it’s up to you.
Funds are normally through within 48 hours on the first drawdown and same day afterwards.
The fees are clear and transparent, the average being 1.5 to 3% depending on size and frequency of the transaction.
The charges reduce depending on amount of use and turnover and can go significantly lower.
Company should have a turnover exceeding £100k, been trading for at least 6 months and have a UK Director
Minimum advance starts at about £5k with largest advance to date being £1.5million
What types of business are suitable?
Virtually every type of business
Business to business
Construction, building and contract work,
Applications for Payment as advances can be paid prior to a QS providing you have dealt with the client before.
Seasonal and project based businesses.
With well over a 100 Finance Companies to choose from, it is possible to say yes to most requests.