Free Revolving Invoice Finance
As much as this may seem too good to be true, there is no catch. We can currently offer a revolving invoice finance facility backed by the government’s CBILS scheme. The government will pay both the service fee and the discounting fee for the first 12 months. This means it doesn’t cost you anything. It actually get’s better. You can pick and choose which invoices you want to finance and you are not tied in to a contract. There is also no personal guarantee required on facilities less than £250,000.
If you would like to understand this offering in more detail please call us on 0845 251 4040
So in summary, you can have a totally flexible working capital facility for free for 12 months. You will obviously need to repay this facility after 12 months or incur fees. The alternative would be to refinance to an alternative working capital provider.
What are the criteria for companies?