Invoice Discounting (continued) Company 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, Surrey 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 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 Website:
www.rbsif.co.uk
A member of The Royal Bank of Scotland Group 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
Confidential and
H.O: Smith House, Elmwood Avenue, Feltham, Middlesex TW13 7QD disclosed on whole 0800 711911
turnover or selected accounts with bad debt protection option
Confidential and disclosed. Recourse
Confidential £1m,
disclosed £600K
£200K Rates similar to bank overdraft rates on
outstanding monies advanced, plus commission charge of between 0.2% and 2% of annual turnover (0.2% and 3% for disclosed)
Export/Import service with multi-currency
capability. Asset based lending (finance provided against debtors, stock, plant and machinery and property). MBOs/MBIs, acquisitions, debt restructuring and turnarounds considered
Up to 85% advance as standard (negotiable) 1.5% A comprehensive range of flexible funding and 2.5% above BoE Base Rate on outstanding monies. solutions tailored to meet business needs, Service charge between 0.1% and 1% of monthly turnover. Interest is not compounded. No charges for faxes received or calls made on behalf of customer
Confidential, Disclosed
£200K
Up to 85% of value of outstanding invoices advanced. Debtor protection, Positive Plus overpayment Service charge of between 0.2-2% on gross turnover. Discount charge on outstanding monies advanced is negotiable
facility, same day payment against invoices, live client access
Confidential. Recourse
£400K
(projected or actual)
01491 875660 01952 213300
Types
Recourse and non-recourse. Cross-border.
Confidential and disclosed
Confidential, recourse or non-recourse
Disclosed, recourse or non-recourse
Confidential and disclosed, recourse £3m £3m £500K Approx Min
Client Turnover £3m
Charges Other Services
Between 1% and 3% above Fortis Commercial Finance Acquisition finance and MBOs. Inventory finance. cost of funds on outstanding monies advanced, plus Multi-currency facilities. Order/supplier finance. between 0.1% and 2.25% of turnover. Fixed fees may EDI facilities. Group facilities are provided be negotiated
through a unique network of European offices in the UK, Belgium, Luxembourg, France,
Germany, Spain, Italy, Denmark, Sweden, Poland, Turkey and Hong Kong
Between 1% and 2.5% above LIBOR or base rate on Between 1.5% and 3% above LIBOR or base rate on
outstanding monies advanced, plus between 0.5% and 1% of annual turnover
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 2% 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
Confidential and
disclosed on whole turnover with bad debt protection
option. Prepayments
up to 90% of invoice value
Confidential and
disclosed on whole turnover, recourse and non-recourse
Confidential £250K None
Up to 90% advance from 0.25% of annual turnover and Start-ups, CVAs, selective discounting and similar between 2% and 3% above base rate on outstanding situations considered. Online access. Payroll monies
services, direct debit, commercial loans and debt recovery. MBOs and acquisition funding
Discount charge between 1.5% and 3% above Lloyds TSB base rate on outstanding monies advanced, plus a small negotiable fee dependent on size and structure of facility
Discounting charge - similar to current overdraft rate plus an annual administration charge of between 0.1% and 1% of annual turnover
Asset-based finance provided against debtors, stock, plant and machinery and property. MBOs/MBIs, acquisitions, expansion, refinancing, turnarounds. Export accounts
funded in currency or sterling. Factoring, HP, leasing, payroll services. Online link
New business, acquisitions and MBOs. Online computerised access facility. Export debtor finance. Off balance sheet finance
£1m Between 2% and 3% over base rate on
outstanding monies advanced, plus service fee to MBOs/MBIs and start-ups. Online access to all cover administration and optional bad debt protection, typically between 0.1% and 1%
Services for exporters and importers. services
outstanding monies advanced, plus between 0.1% including funding against stock, plant & and 1% of annual turnover
Invoice discounting and asset based lending, machinery for financing business
needs - MBOs/MBIs, acquisitions, working capital, growth and refinance
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 export receivables.
24 hour internet access. EFG (Enterprise Finance Guarantee) Invoice Finance scheme available. A bespoke proposition is also available for the pharmacy sector
SKIPTON BUSINESS FINANCE LIMITED The Bailey, Skipton, North Yorkshire BD23 1DN 0845 602 9354
Website:
www.skiptonbusinessfinance.co.uk Part of the Skipton Building Society Group Member of ABFA
SME INVOICE FINANCE LTD
Chertsey House, 56-58 Chertsey Street, Guildford GU1 4HL 01483 531100 Fax 01483 565488
Website:
www.smeif.com Independent company Member of ABFA
TANDEM INVOICE FINANCE LIMITED
55 West Street, Chichester, West Sussex PO19 1RP 0845 618 8515/ 01243 520940
Website:
www.tandemuk.com Independent Company Patron of NACFB
112 READERS ARE REMINDED THAT BUSINESS MONEYFACTS IS COPYRIGHT March 2012
Selective Invoice Discounting
Start-ups One fixed charge per invoice levied on amount Bulk factoring, short term flexible facilities, spot
and from £100K advanced. Maximum advance 90%. No service fees or factoring ongoing charges
Confidential and disclosed. Recourse From start-up
Up to 80% advance. Negotiable rates on service charge. Between 2% and 3% above base rate on outstanding monies
Invoice discounting offered to SME market. Client access online facility. Same day money service. MBOs and MBIs. Also offers factoring
Confidential and disclosed
Start-ups and £100K
Up to 90% advance - 1.25% to 3% above Bank base Online services available. Flexible commercial rate on monies advanced. Service charge between 0.15% and 1.95%
underwriting
FACTORING/INVOICE DISCOUNTING
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