| FastCash |
| Provides finance against sales invoices and is designed to meet the needs of smaller growing businesses with UK sales of up to £250,000 including start up businesses.
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| Real Benefits: |
- No more cashflow headaches, allowing you to concentrate on developing your business
- The ability to continue to give your customers the credit they expect whilst obtaining immediate ‘cash on delivery’ from your sales invoices
- Financial ability to take advantage of new business opportunities such as stock purchases or supplier discounts
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| Simple Process: |
- You send out your invoices as normal and forward copies to us
- We make available 80% of the invoice value within 48 hours of receipt
- You maintain credit control and customer contact
- We receive payments from your customers and credit you the balance (20%) less our charges
- We update the sales ledger and issue monthly statements
- We provide regular management reports giving details of your sales ledger and your account with us
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| Low Costs: |
- Service fee fixed at 1% with a monthly minimum of £150 per month.
- Charge for Finance is calculated against funds advanced at a rate of 3.0% over bank base rate.
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| Example: |
- Monthly Service Fee
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Monthly Invoicing: | £20,000 |
| Service fee %: | 1.0% |
| Service Fee: | £200 |
- Monthly Charge for finance
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Funds drawn down: | £10,000 |
| Discount Charge 7%*: | £59 per month |
*3.0% plus base rate of 4.0%
Total charges £259 per month.
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| If you would like a detailed quotation then please complete our “Get a Quote” page |
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