If you carry lots of stock, did you know you can use Stock Finance to free up some of the cash that's tied up in your inventory? Here's how:
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Possible funding up to 60% of eligible stock**
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Runs alongside receivables finance facilities
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A revolving, flexible, medium-term funding facility
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Releases cash normally unavailable for working capital
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Online access to key data.
How Stock Finance works
Stock Finance can give you the working capital you need to grow your business and stay one step ahead. The service is tailored to meet the needs of your business, but the lender can usually advance you cash up to the value of 60% of the eligible stock you're carrying.
KEY FEATURES AND BENEFITS
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Possible funding up to 60% of eligible stock
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A revolving facility suitable for medium term funding requirements
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Fully flexible – you decide how much and when you wish to draw down funds
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Releases cash normally unavailable for working capital requirements
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Runs alongside existing receivables finance facilities
Stock Finance is a new product offering which is designed to complement either new or existing receivables facilities. This product will be ideally suited to customers looking to raise additional funds to maximise working capital, ensuring their business stays ahead.
You retain full responsibility for maintaining your stock control systems and procedures with electronic reporting
to Lender.
Who Stock Finance is for
Stock Finance could be suitable for you if you have a turnover in excess of £5 million and you operate in one of these sectors:
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