Wholesale

Wholesalers in the UK face a number of challenges with declining margins, increasing payment terms and soaring overheads. Our finance solutions provide wholesalers with working capital, improving your business’s cashflow position and enabling you to focus on running your business.  We provide funding to a range of businesses including food, electrical, clothing and chemical wholesalers.

Wholesalers can benefit from many different finance options including Invoice finance, Stock finance, Revolving credit and Trade Finance.

Your business can have access to an ongoing supply of cash which grows in line with your sales through invoice discounting or factoring and your customers make payments via a specialist bank account which the business can track online and monitor the amount of funding available.  In addition, a service fee will be payable on a monthly basis and an interest rate applied which will be very similar to a bank overdraft.

Stock Finance has the benefit of boosting working capital, enabling business growth.  The facility is secured against the stock, and can take the form of a revolving, flexible funding facility.  Stock Finance (also known as Asset based lending) is used in conjunction with an invoice discounting or factoring facility as there are no standalone facilities currently available in the market place.

Revolving credit is a line of credit where the business pays a commitment fee and is then allowed to use the funds as and when required. It is usually used for operating purposes and can fluctuate each month depending on the customer’s current cash flow needs. Revolving credit facilities offer a real and credible alternative to the bank overdraft.

Trade Finance may also be a viable funding option with advances from up to 80% – 100% of the confirmed order value, paid to your supplier. Trade Finance will pay your supplier or open a letter of credit and you deliver the goods and trade finance invoice your customer once the goods have been delivered to and accepted by them.

It goes without saying we have access to the best facilities at prime rates for long established and financially sound businesses however we also have access to finance for businesses with impaired credit or maybe that gone through an insolvency process. New starts are also not a problem.

There will be other funding options available to you depending on your circumstances such as asset finance, import finance and pension-led funding so please get in touch to discuss your individual requirements.