Working Capital Finance

Debtor Finance

Revolving working capital finance of up to 85% of invoices issued, with no limit, by either factoring or confidential invoice discounting available at interest rates of 1.5% to 4% over Base. This service is provided to sole traders, partnerships and limited companies. It is often possible to incorporate an additional stock finance facility.

Ideal for businesses in the Distribution, Manufacturing and Service sectors.

Suitable for:

• Releasing additional working capital tied up in debtors
• Providing cash injection to fund capital expenditure
• Providing a professional credit control facility
• Expanding businesses requiring finance for growth
• Start-ups and “phoenix” companies
• CVAs and IVAs (businesses in Voluntary Arrangements)

Benefits:
· Up to 85% finance against eligible book debts
· Same day payment against invoices
· On-line access to your account
· Optional credit insurance of debts
· Flexible funding which grows with the expansion of the business

Trade Finance

If you have a confirmed order from a creditworthy customer, but lack the cash to complete it, it can be possible to borrow (or open a Letter of Credit for) up to 80% of the purchase order value to pay your supplier until your sales invoice is either paid or discounted.

Stock Finance

There are lenders who have the flexibility to consider stock finance as part of a suite of facilities alongside invoice finance, where an additional line is provided to cover stock holding where this is a significant item. In exceptional circumstances it can also be provided on a stand-alone basis or for machinery dealers where good profits can be made by buying, refurbishing and re-selling asset-type stock such as printing machines, earth movers etc.

Why use Ardent Business Finance

The Factoring and Invoice Discounting sector has become increasingly competitive.

• New products are becoming available all the time and we believe we can provide added value through: -
• Experience - 25 years in the banking, broking and invoice finance markets.
• Independence – We are not affiliated to any one lending source.
• Free advice - as we receive commission from the lenders, there is no fee payable to us by the client.
• Market knowledge – We know which lenders can help in which industries and which have a more flexible approach to non-standard situations.
• Professionalism - we are associate members of the National Association of Commercial Finance Brokers and operate to their strict code of conduct.

The products and services promoted here are not part of the Openwork offering and are offered in our own right. Openwork Limited accept no responsibility for this aspect of our business. These products are not regulated by the Financial Services Authority.

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