Commercial Finance - Video transcripts

  • How Factoring works

    Day 1

    Supply of services or goods to your customer. You send invoice details to us. Invoice sent to customer, with payment terms and details clearly marked.

    Day 2

    We pay you up to 90% of the invoice value typically within 24 hours.

    Day 2 - 30

    You can use your funds to support your business ambitions.

    Day 30+

    Full payment received from customer. We forward on the balance of the invoice value to you, minus a small fee. If your customer has not paid on time, we can manage credit control professionally and sensitively, informing you of any payment delays.

  • How Invoice Discounting works

    Day 1

    Supply of services or goods to your customer. You send invoice details to us. Invoice sent to customer, with payment terms and details clearly marked.

    Day 2

    We pay you up to 90% of the invoice value typically within 24 hours.

    Day 2 - 30

    You can use your funds to support your business ambitions.

    Day 30+

    Full payment received from customer into a trust account, minus a small fee. If your customer has not paid on time, you maintain credit control functions until full payment has been received.

  • How Hire Purchase works

    Step 1

    1) Select the asset
    2) Identify the supplier
    3) Agree a price.

    Step 2

    Request finance from us.
    Provide:
    1) Asset details 
    2) Proposed supplier.

    Step 3

    Credit decision made. Facility’s terms and conditions agreed.

    Step 4

    Deposit paid to supplier. The remaining balance is funded via Hire Purchase. We request invoice from the supplier.

    Step 5

    Supplier provides invoice to us. We pay the supplier. Asset released for delivery.

    Step 6

    First rental payment made, usually within 30 days. This begins the repayment of capital and interest due on the facility.

    Step 7

    Final rental payment made, usually 36 months after agreement started. Pay the option to purchase fee so ownership of the asset transfers to you.