Payroll Funding

We are pleased to announce that we are now able to offer a new form of business finance via our Payroll Funding offering. 

A brief overview of this product is detailed below:-

• This product provides an additional finance facility for directly settling any % of the business' weekly/monthly payroll commitments
• The facility limit is typically set at the equivilent of 2-month’s payroll commitments
• It gives 56 days repayment terms on each transaction, and only attracts charges on the average funds in normal use over each month
• It’s fully self managed online, similar to an online bank facility
  

The key benefits of this new type of funding to our clients include:-

• Typically unsecured funding geared to payroll commitments,rather than the sales ledgers or other assets
• Complimentary to most forms of asset based funding without affecting existing security arrangements
• Highly cost effective funding to meet short & mid term needs
• Absolutely no penalties for early re-payment and no fixed monthly fees
• Funds can be self accessed on an ad-hoc or rolling basis any time
• Totally invisible to employees, clients, suppliers and competitors

This adds even greater depth to the portfolio of finance products available to our clients.

Please contact us now on 0845 257 4685 or via our site contact form, for further details of this valuable product.