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Working Capital Facilities

Finance for day to day trading

Invoice Finance

Releases the cash tied up in your sales ledger

• Rather than have to wait until invoices are paid, you can receive typically 80/85% of the gross invoice value, up front.
• You receive the balance when your customer pays.
• Unlike an overdraft, there is no limit to the amount you can borrow as the level of finance is directly linked to the level of sales.

The facility can be either disclosed to your customers or confidential

• Factoring is a full sales ledger management facility, which includes a credit control service
• Invoice Discounting is a confidential service. You continue to manage your own sales ledger and credit control.

The costs to you form two parts

• Interest on the money you borrow, rates usually at a similar level to that charged on overdrafts
• A service fee, which will reflect the number of customers you have, your annual turnover and the volumes of invoices raised. Typically this can range from 0.75% to 2.5% of annual turnover for a factoring facility, significantly less for invoice discounting as only finance is provided

Credit insurance, protecting you from non payment, can be made available as an additional service. Premium costs will vary according to the risk profile of your customer base, typically ranging between 0.5% to 2% of turnover.

Trade Finance

The ability to finance one-off contracts (whether with UK or overseas customers) or contracts which do not meet the requirements of more traditional working capital facilities.

Import / Export Finance

Advice and support on funding international trade, the use of  Documentary Letters of Credit, Bills of Exchange, Open Account, managing exposure to exchange rate volatility, use of foreign currency accounts, etc.


Construction Finance

Asset Finance

Working Capital Facilities


Chevin Business Solutions provide totally independent Business Support, Business Advice and Business Solutions on all Commercial funding and Operational banking issues.

We have a dedicated team of professionals who have extensive knowledge and indepth experience of the commercial banking marketplace.


Commercial Mortgage

Sourcing appropriate, short or longer term, competitively priced mortgages over commercial property, on behalf of individuals, partnerships, limited companies, pension funds etc.   

Chevin Business Solutions Ltd

Chapel Farm

Goodwins Lane

Hazelwood

Belper

Derbyshire DE56 4AF

 

Tel: 01773 825076 or 07803 016126

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