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When you're looking at business projections and funding options with your clients, it's often worth considering Cashflow Finance as an alternative to overdrafts or other borrowings to fund business growth.
A dynamic funding method
When clients are growing quickly, overdraft funding can actually hold back growth because it is normally based on historical performance which may not reflect a company's present position. In these cases, Cashflow Finance allows businesses to fund growth through current sales, which may give them maximum freedom to grow. It can also leave their existing credit lines free for other purposes.
How Bank of Scotland Cashflow Finance works
We pay up to 100% of each sales invoice within 24 hours*, less our charges. When the customer settles the invoice, we pay your client the remaining balance less interest. We can advance funds against many domestic or international invoices, in sterling or local currency. Our secure Quicksilver online system allows your clients to notify us of their sales at the touch of a button, in or out of office hours, saving them time.
Available for virtually any business
Cashflow Finance is available to any business with a turnover between £50,000 and £500m including sole traders, partnerships, limited companies and plcs. Even exporters could take advantage of this way to boost their cash levels.
Your clients' business relationships aren't put at risk
Our team can offer a full factoring service or, where your clients would prefer to maintain their own ledgers and credit control, we can also provide confidential invoice discounting.
*24 hours – if required, subject to agreed processing conditions.
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