Finance options

Invoice Finance

If your business customers trade on credit terms and invoice in arrears, our two Invoice Finance solutions, Factoring and Invoice Discounting, can help you:

• We boost cash for your business by releasing up to 90% of an invoice’s value typically within 24 hours, this can save you up to 60, 90 or even 120 days compared to your standard payment terms, freeing up cash more quickly to fuel your growth.
• Tailor Invoice Finance to suit your growing business needs as your turnover increases giving you access to greater amounts of funding.

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Factoring

Free up the cash tied up in invoices if your business has an annual turnover of £50,000 or more. As part of the service, we can help you manage your sales ledger and support your credit control processes by providing:

• Client statements on a monthly basis
• Debtor payment reconciliation

You won’t need to make any awkward calls to customers to chase payment, if you choose we can sensitively and professionally handle your credit control.

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Invoice Discounting

Release the cash tied up in invoices, if your business has an annual turnover of £250,000 or more.

Invoice Discounting is a fully confidential finance solution to help free up working capital sooner allowing you to maintain full control of your sales ledger management tasks such as debtor reconciliation and monthly debtor statements.

Your customers will not know you are using the service and you’ll continue to handle all sales ledger administration.

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Debtor Protection

Available as an additional feature of Invoice Finance, Debtor Protection is a low-cost, easy-to-manage facility that helps protect your business from potentially damaging bad debt if a customer fails to pay.

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Asset Finance

Asset finance is a way to purchase assets without taking out a conventional loan. It allows you to spread payments over an agreed term and so avoid making big one-off payments for the extra machinery or equipment your business might need to grow.

Find out moreabout Asset Finance

Vehicle Contract Hire

• Competitive monthly rentals.
• Reduced operational risk: pay a budget-friendly, fixed monthly rate.
• Can be VAT efficient for most companies.
• Potential to free up business capital.
• Optional maintenance to reduce administration costs.

Find out moreabout Vehicle Contract Hire

Commercial Mortgage

• Apply for a minimum of £25,001 and choose a loan term from three to 25 years.
• Borrow up to 70% of the property value. In some cases we can lend more.
• Choose between a Bank of England Bank Rate linked or fixed interest rate.
• Capital repayment holidays may be available.
• If you wish to borrow on other terms we may still be able to help you.

Find out moreabout the Commercial Mortgage

Residential Buy-to-let Mortgage

• Mortgages start from £25,001.
• Choose a mortgage term from three to 25 years.
• Borrow up to 70% of the property value and in some cases we can lend more.
• Bank of England Bank Rate linked and fixed rates available.
• Capital repayment holidays may be available.

Find out moreabout the Residential Buy-to-let Mortgage

Enterprise Finance Guarantee

• Borrow from £25,001 to £600,000 over one to 10 years.
• Variable or fixed rate interest terms, dependant on circumstances.
• Flexible draw down arrangements.
• Benefit from capital repayment holidays, available in certain circumstances.
• To apply for Enterprise Finance Guarantee, your business's turnover must not exceed £41 million.

Find out moreabout the Enterprise Finance Guarantee scheme