Revolving Credit Guide

April 10, 2020

Revolving Credit Facilities

In this working capital guide will be answering the question: “What is a revolving credit facility?”.

Revolving credit facilities are a great alternative to a traditional overdraft provided by the high street banks. The funder agrees a line of credit with the business which can be drawn down and repaid during the agreed term.

Interest is often charged for the funds drawn, for the time they are drawn and dependant on the lender there is little to no charge for funds which aren’t drawn. When you combine that with often no set-up fee involved, this type of facility is often chosen as a ‘rainy day fund’.

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Asset Finance Guide

April 9, 2020

We hope you enjoyed reading our last guide focusing on Invoice Finance.

The second guide in our series on business cashflow finance will be answering the following question: “Asset Finance – What is Leasing & Hire Purchase?”

Leasing and Hire Purchase are two of the most popular forms of finance in the UK, behind only bank overdrafts and credit cards in terms of S.M.E use.

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Invoice Finance Guide

April 9, 2020

The effects of COVID-19 on S.M.E businesses across the UK has been profound, so let’s be clear, if you’re a business owner worrying about how the market uncertainty is impacting on your business already, or may in the future, you are not alone!

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