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cash against individual invoices for car bodyshops
BODY SHOP FINANCE
Why wait 30,60,90 days to get paid when you can have funds in your bank account now. Bodyshop finance takes the stress out of waiting to get paid and the hassle of chasing unpaid invoices.
How does Bodyshop Finance work
Our Bodyshop Finance facility is simple and easy to use. There are four easy steps
  1. You choose which invoices you want to finance. When you send the invoices to the insurance company* you attached a notice asking them to pay us.
  2. You send a summary sheet and a copy of the invoices to us (this can be sent on-line) along with authorisation note from the insurance company and the customer signed satisfaction note. We then make available up to 90% of the invoice amount.
  3. We transfer funds by electronic payment directly into your bank account (normally the same day that we receive the invoice).
  4. When we collect payment from the insurer*, we return the balance (e.g. 10%) minus charges to you.
* or management company

What does it costs?
We charge a flat rate of 1.5% per month on the gross invoice value.

Why use Bodyshop Finance
  1. Instant Funding.
    No waiting to get paid we have funds in your bank account in 24 hours.

  2. Flexibility
    You choose which invoices and when

  3. Growth
    The facility grows as your sales grow

  4. Time Savings
    You save valuable management time as we chase and collect the outstanding invoices

Calverton Factors Limited are Associate Members of the vbra
If you would like a detailed quotation then please complete our “Get a Quote” page
Registered Office:
Calverton Factors Limited,
Calverton House, 1 Keller Close, Kiln Farm,
Milton Keynes, MK11 3LL UK
Registered in England No. 3612551
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