This figure is used to work out how to adjust the facility according to the needs of your business.
The maximum value of outstanding debts owed by a specified debtor that will be eligible for funding at a particular point in time.
The percentage of the approved value of notified debts we are willing to make prepayments on.
* notified debts – debts which have been created by the client and the invoice financier is aware of
The period of time over which we will provide funding against a debt.
The maximum amount of funding we will provide against each customers approved sales ledger balance.
One off admin fee which is deducted from the opening balance.
The charge for the provision of the facility. This is also charged against the take-on ledger.
The charge against the funds in use.
*3.00% above Hitachi Base Rate of 1.25%
A fee payable for the on-going collection costs (and sometimes the continued funding) of a debt that has remained outstanding beyond the recourse period.
Yearly fee to enable us to run an audit on your businesses finances.
Facility that ensures up to 90% of your eligible debt is protected against insolvency or prolonged non-payment, minimising the impact on your business.
*£27.50 will be charged after 12 months of the facility going live to renew each customer limit
A bank account in the name of a client/customer, the proceeds of which are held on trust for the invoice financier. It is the account to which the proceeds of debts funded under a debt purchase agreement must be paid. Fee payable on the last working day of each month.
Payable on each anniversary of the date of your agreement.