Supplier Finance

Supplier Finance is a revolving working capital facility that can be used to finance the purchase of products or services. This facility is linked to a credit-insured limit arranged under a special Credit Insurance Policy that will be taken out. As a source of finance it has no impact on existing banking facilities.

WHO CAN USE IT

Established profitable businesses,
that operate in manufacturing, retail or wholesale and distribution sectors.

HOW DOES IT WORK?

You nominate the invoice(s) and amount(s) you wish us to pay
Copy invoices/statements are provided by you together with suppliers bank details
The Lender make the payment to your supplier (minimum value of £50,000)
The Lender allow you a credit period of up to 180 days for repayment
You provide us with a Bill of Exchange for the amount paid to mature in no more than 180 days time

WHAT ARE THE BENEFITS?

It creates opportunities to:

Purchase additional stock from existing suppliers to meet seasonal demands
Improve trade relationship with suppliers
Source new suppliers
Negotiate bulk order discounts
Negotiate early payment discounts

OTHER BENEFITS

Extended time to pay invoices by up to 180 days
Access to finance without having to provide security
Easy to put in place
Flexible, can be used as and when required

WHAT ARE THE COSTS?

Interest charge covering amount and period of credit granted at rates lower than standard business overdraft rates
Handling Fee to include insurance premium on each transaction
The above charges are payable in advance of each transaction