Non-disclosed debtor finance
Access a portion of the money you’ve invoiced in advance, without your debtors knowing about your lending arrangement.
Access a portion of the money you’ve invoiced in advance, without your debtors knowing about your lending arrangement.
Some of the benefits
Control
We review your admin controls, but you still manage your debtors
Single invoices
Take profit up-front on a large, single invoice by borrowing a portion of it
Discretion
Your customers still pay you directly, unaware of your lending arrangement
Cash now
Get an advance on the money you’re owed but can’t wait for
How it works
- We buy your debtors book
- We loan you a percentage of the value of the debts in cash
- We retain the balance to cover disputed invoices, defaults and returns
- We pay the balance once your debtors pay their outstanding invoices
- You manage your own debtors, who continue to make payments into your account
- We review your internal administrative controls and procedures regularly
Exclusions
- Sole proprietors and sales to private individuals
- Sales with payment terms of under 14 days
- Sales and payments on a progress or retention basis
- IT software and licensing transactions
- Sales on a consignment or return basis, or made as an agent or via agency arrangement
What it costs
- You’re charged a flat monthly service fee
- You only pay interest on the loan amount
- Interest rates depend on your risk profile
- Interest is paid monthly, based on the daily outstanding balance
When you apply
- We look at your debtors book for quality, mix and repeat orders
- Our Credit Division assesses your application
- Your account executive makes you a principle offer
- We audit, review and compile a report on your accounts
- If everything’s in order, we put a 12-month agreement in place
- There’s a three-month notice period
How to get it
If you already have a Business Current Account
- Speak to your business banker
- Email us
- Call 0860 109 075
- Or speak to us at your nearest branch
You must be solvent and profitable for two years to apply, with good financial controls and accounting software, and few or no trade-related disputes.
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How it works
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Exclusions
-
What it costs
-
When you apply
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How to get it
- We buy your debtors book
- We loan you a percentage of the value of the debts in cash
- We retain the balance to cover disputed invoices, defaults and returns
- We pay the balance once your debtors pay their outstanding invoices
- You manage your own debtors, who continue to make payments into your account
- We review your internal administrative controls and procedures regularly
- Sole proprietors and sales to private individuals
- Sales with payment terms of under 14 days
- Sales and payments on a progress or retention basis
- IT software and licensing transactions
- Sales on a consignment or return basis, or made as an agent or via agency arrangement
- You’re charged a flat monthly service fee
- You only pay interest on the loan amount
- Interest rates depend on your risk profile
- Interest is paid monthly, based on the daily outstanding balance
- We look at your debtors book for quality, mix and repeat orders
- Our Credit Division assesses your application
- Your account executive makes you a principle offer
- We audit, review and compile a report on your accounts
- If everything’s in order, we put a 12-month agreement in place
- There’s a three-month notice period
If you already have a Business Current Account
- Speak to your business banker
- Email us
- Call 0860 109 075
- Or speak to us at your nearest branch
You must be solvent and profitable for two years to apply, with good financial controls and accounting software, and few or no trade-related disputes.
We also offer
Bonds and guarantees
Open more doors by reducing your credit and performance risk with the appropriate bond or guarantee from us.
Vehicle and asset financing
Need a delivery van? Flat-bed truck or capital equipment? We’ll get you a great deal on the right finance plan.
Understanding your risk profile
Environmental
Environmental
Risk that mostly refers to the industry in which you plan to set up your business and your customers.
Financial
Financial
Risk that’s determined by the financial state of your business, and the security that you’re able to offer.
Management
Management
Risk that takes into account the skills, commitment and abilities of the owners and management of your business.
What you need to apply
What you need to apply
Knowing up-front the information we need from you will help your application process run as smoothly as possible.
Need help?