Simple Commercial Finance

This facility is ideal for established businesses that wish to concentrate on growing their sales whilst maintaining control of their sales ledger and collections activity.

The principle of this service is the same as for factoring - funding is secured against the individual sales invoices of the business. However, with this scheme your company is responsible for the whole of the debt collection process.

Your business will need to demonstrate that it has the administrative capability to collect the ledger in a timely manner and maintain an accurate and fully up to date sales ledger however with some funders the Turnover of the Business and/or net worth may also determine qualification for this type of facility.

In most instances the facility is confidential and your clients have no knowledge of the involvement of a banking institution.

The funder provides funds based on the value of invoices raised. As the business sales grow, so does the availability of funds, without the need to apply for an increase in the limit as with a normal overdraft facility.

Simple Commercial Finance can also provide a comprehensive credit insurance policy to cover your sales invoices against bad debt situations.

This service is particularly suited to established companies who not have their own credit controller or who employ the services of an external credit collection team to keep control of the sales ledger payments.