Unusual, but Innovative.
Two growth funding products you may not be aware of.
The first is a Revolving Credit Facility.
Based on your trade receivables, but not invoice finance.
Is your business going through a period of growth but struggling for liquidity?
This is a working capital credit line ranging from £250,000 up to £5m.
More flexible than invoice finance - as your receivables grow, so does your credit line.
You draw less, you pay less.
No lock-in agreements, no trust account.
Less admin - no need to submit monthly invoices, no monthly reconciliation.
You will need:
£300k + of trade receivables
3+ years of trading
turnover £1m+
In summary, if the thought of a Revolving Credit Line pinned to the value of your trade receivables, offering you working capital draw-downs as and when you see fit, light on admin, with no onerous exit, that literally grows as your business does, appeals to you then this may be the choice.
The second is Selective Invoice Finance.
This is broken down into two available options, Spot Invoice Financing (factoring) and CID (confidential invoice discounting).
Why would these be part of your growth funding aspirations?
No more hanging around waiting for the invoice to be paid. Finance one, or more, of your outstanding invoices in under 2 hours.
Imagine being able to expedite payment of your invoices in as little as 2 hours with the flexibility of no long-term contract.
Business growth requires liquidity in cashflow - this product ensures consistency in liquidity.
Highlights include:
100% invoice funded minus fees
goods or services complete
invoice values between £500 and £500,000
fully disclosed or fully confidential service
part-funding available
no Director Guarantee required for validated funding
If either of these Growth Funding Products interest you, you can email me directly here