Company
Factoring (continued) Types
FORTIS COMMERCIAL FINANCE LIMITED
Westcombe House, 2-4 Mount Ephraim, Tunbridge Wells, Kent TN4 8AS 0800 515790
A BNP Paribas Group Company Member of ABFA
GE CAPITAL
Enterprise House, Bancroft Road, Reigate RH2 7RT 01737 841200
Member of ABFA
HITACHI CAPITAL INVOICE FINANCE 5 Hollinswood Court, Stafford Park 1, Telford, Shropshire TF3 3DE 0800 110 5005
Website:
www.hitachicapital.co.uk/factoring Hitachi Capital Invoice Finance
Hitachi Capital Invoice Finance Goring Hitachi Capital Invoice Finance Telford
Owned by Hitachi Capital (UK) plc Member of ABFA, patron of NACFB HSBC INVOICE FINANCE (UK) LIMITED
Farncombe Road, Worthing, West Sussex BN11 2BW 0800 343435
Website:
www.hsbc.co.uk/business Owned by HSBC Group Member of ABFA
IGF INVOICE FINANCE LTD
2 Maidstone Road, Paddock Wood, Tonbridge, TN12 6GF 0845 601 1316
Owned by Greater London Enterprise Group Member of ABFA
LLOYDS TSB COMMERCIAL FINANCE 1 Bookhill Way, Banbury, Oxfordshire, OX16 3EL
0800 550022
Owned by Lloyds Banking Group plc Member of ABFA
NORTHERN INVOICE FINANCE
PO Box 533, Donegall Square West, Belfast BT1 5GJ 028 9004 5000
Part of Danske Bank Group Member of ABFA
POSITIVE CASHFLOW FINANCE
Castlefield House, Liverpool Road, Manchester, M3 4SB 0161 828 8100
Website:
www.positivecash.co.uk
Independent Company Member of ABFA
RBS INVOICE FINANCE
H.O.- Smith House, Elmwood Avenue, Feltham, Middlesex TW13 7QD 0800 711911
Website -
www.rbsif.co.uk
A member of The Royal Bank of Scotland Group Member of ABFA
REGENCY FACTORS PLC
2 Regency Chambers, Jubilee Way, Bury, Lancs BL9 0JW 0845 450 2220
Website -
www.regencyfactors.com
Independent company Member of ABFA
SANTANDER INVOICE FINANCE 1 Cornwall Street
Birmingham, B3 2DX 0121 212 1112
Santander Invoice Finance North Santander Invoice Finance Midlands Santander Invoice Finance South
07595 403 951 07595 404 205 07595 404 132
Part of Santander Corporate Commercial and Business Banking Member of ABFA
March 2012 READERS ARE REMINDED THAT BUSINESS MONEYFACTS IS COPYRIGHT
Confidential & disclosed. Recourse
From start-up
Up to 85% advance as standard (negotiable) 1.75% and A comprehensive range of flexible funding solutions, 3% above BoE Base Rate on outstanding monies. Service charge between 0.5% and 3% of monthly turnover.
Interest is non compounded.
No charges for faxes received or calls made on behalf of customer
tailored to meet business needs, including short term cash flow, asset finance, trade finance, property and investment funding. Funding of higher than average levels of export receivables in EU jurisdictions, SCB will fund up to 50% of sales ledger of
export receivables. 24 hour internet access. EFG (Enterprise Finance Guarantee) Invoice Finance
scheme available. A bespoke proposition is also available for the pharmacy sector
109
Full factoring, recourse
Start-ups
and £100K inc VAT and
initial advance
Service charge between 3% and 6%, no cost of funds and no hidden charges
Recourse and non-recourse
Recourse £300K,
non-recourse £300K
Rates similar to bank overdraft rates on
outstanding monies advanced, plus service charge between 0.5% & 4% of annual turnover
Export factoring service with multi-currency capability. Import factoring service, minimum turnover £300K. MBOs/MBIs, acquisitions, debt restructuring and turnarounds considered. New businesses are considered
Standalone unsecured purchase finance to fund UK and imported stock goods
Recourse
Start-ups and £75K
Up to 85% of value of outstanding invoices advanced. Debtor protection, Positive Plus overpayment Service charge of between 0.3 - 3% on gross turnover. facility, same day payment against invoices, Discount charge on outstanding monies advanced is negotiable
live client access Recourse £150K
(projected or actual)
Discounting charge - similar to current overdraft rate plus an annual administration charge of between 0.5% and 3% of annual turnover
New business, acquisitions and MBOs. Online access computerised facility. Export debtor finance. Off balance sheet finance
Recourse and
non-recourse CHOC (customer handles own collections) and confidential CHOC
Recourse Start-ups None
Up to 90% advanced from 0.5% of annual turnover and Start-ups, CVAs, selective factoring and similar between 2% and 3% above base rate on outstanding situations considered. Selective and whole monies
commercial loans, debt recovery and credit/ debit card payments. MBOs and acquisition funding
Between 1.5% and 5% above Lloyds TSB base rate on Export and import services, minimum turnover outstanding monies advanced plus an average service fee of 1.2% of sales turnover
£50K. New starts/MBOs. Optional credit insurance. HP, leasing, payroll services. Online link
turnover bad debt protection can also be arranged. Online access. Payroll services, direct debit,
01491 875660 01952 213300
Recourse, CHOC (customer handles own collections) and confidential
£50K
Recourse and non-recourse
£3m Between 1% and 3% above LIBOR or base rate on
Recourse and non-recourse.
Cross-border and export factoring
Approx Min
Client Turnover £3m (portion
factored may be less)
Charges
Between 1% and 3% above Fortis Commercial Finance cost of funds on outstanding monies advanced plus between 0.1% and 2.25% of turnover. Fixed fees may be negotiated
Other Services
Receivables finance and asset-based lending. Acquisition finance and MBOs. Multi-currency facilities. Order/supplier finance. EDI facilities. Group facilities through a unique network of European offices in the UK,
Belgium, Luxembourg, France, Germany, Spain, Italy, Denmark, Sweden, Poland, Turkey and Hong Kong
outstanding monies advanced, plus between 0.1% and including funding against stock, plant & 1.5% of annual turnover
- MBOs/MBIs, acquisitions, working capital, growth and refinance
Up to 85% advanced at finance rates between 1% Six month trial period to demonstrate high level and 3% over LIBOR. Service charge between 0.25% of customer service, full range of invoice finance and 3% of gross annual turnover. Low minimum fees
products including export, recruitment,
discounting, all available with client access online facility. Same day money. Flexible sales ledger management outstanding monies and collection methods. Acquisitions and MBOs considered. Bad debt protection offered
Invoice discounting, and Asset Based Lending, machinery for financing business needs
Recourse and non-recourse
£250K
Between 2.2% and 3.7% over base rate on outstanding monies advanced. Service: 1.5% to 4.3% of invoice values, based on workload and risk
Services for exporters and importers. MBOs/MBIs and start-ups. Online access to all services
FACTORING/INVOICE DISCOUNTING
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