What is receivables based finance?
Receivables based finance is a flexible revolving working capital facility aimed at supporting your finance needs, whether through a period of growth, acquisition, consolidation or recovery. It works by converting a customers trade debtors, typically its largest asset, into cash. As a receivables finance customer you agree to sell your trade debts to the bank which will, in return, pay you 75% to 90% of their eligible value immediately rather than having to wait until your customer pays you. The balance of the purchase price, less our charges, is paid to you when we receive payment from your debtor. Receivables finance is a flexible and dynamic form of funding which increases in line with your sales, enabling you to exploit new business opportunities. The facility can be totally confidential between you and the bank and your debtors will not be aware that you have a receivables finance facility as you collect all payments from your debtors and bank them to us. This is called Invoice Di
