A traditional Loan Facility with no rates starting as low as 1.3% APR.
Release funds tied up in your invoices within 24 hours.
A Business Loan with security offered, typically a property or asset, with equity attached.
Gain funding, or refinance, assets in your business, such as equipment, plant or vehicles.
The IT sector is rapidly growing, with IT-based Finance companies, Media, and IT Consultancies being just a few of the types of businesses that are booming within the industry. As you will no doubt be aware, this market is extremely competitive, and you are in need of that edge to get ahead of your competition. In order to be successful, and conquer your goals, being on top of your Business Finance is vital, and managing your cashflow is the key.
Businesses in IT have access to a wide range of products, from Invoice Finance, to all types of loans. Invoice Finance (Factoring) allows you to release up to 95% of your due Invoices within 24 hours, removing the stress of lengthy payment terms. This assists your cashflow, allowing you to run your business the way you’ve always wanted. Business Loans are also available for IT based businesses, giving you a cash injection of a large sum of money, allowing you to fund projects, expand your business,or purchase new equipment.
Unless you are a new start-up company, the minimum turnover most lenders will deal with is £250,000.
Similarly to Turnover, start-up companies can get funding, however a minimum of 6-12 months trading will give you access to a much more broad range of lenders on our panel.
Due to us dealing with UK Based Lenders, we can only find funding solutions for UK Registered Businesses.
The cost of the facility will depend on a few factors. These are essentially decided by what you want from the facility, and how large your business is. Different lenders have different costs & fees that go with the arranging and running of your facility, but the main charges that go with running an Invoice Finance facility are the service fee, which is a percentage of the invoice value, and the discount fee, which is calculated from the amount of money advanced to you.
Eligibility varies largely from lender to lender, with some being more flexible, some more rigid with their criteria. The basic criteria for applying for an Invoice Finance facility is as follows:
£250k minimum turnover
UK Registered Business
If you don’t meet this criteria it isn’t the end of the road, other funding options are available, and this can be discussed with one of our consultants.
Invoice Finance facilities can be completed in as short as a few days, although the process can take longer. Our aim is always to make the process as quick, and simple as possible.
Business Loans can vary hugely in amount. With an Unsecured Business Loan, anything between £10,000 and £350,000 can be funded. With a Secured Business Loan, the range can be anything between £25,000 and £2,000,000.
We are not your average broker. We strive to find you the perfect funding facility for your business, in the easiest way possible. We designate a member of our team of specialist finance consultants to you, walking you through the entire process until the funds are in your hands.
“Would thoroughly recommend using JD Capital, we had great service all the way through the process from Perry. We will definitely be back should we need any more finance for the business Useful Share”
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Disclaimer: JD Capital Finance helps UK firms access business finance, working directly with businesses and their trusted advisors. We are a credit broker and do not provide loans ourselves. All finance and quotes are subject to status and income. Applicants must be aged 18 and over and terms and conditions apply. Guarantees and Indemnities may be required. JD Capital Finance can introduce applicants to a number of providers based on the applicants' circumstances and creditworthiness. JD Capital Finance may receive a commission or finder’s fee for effecting such introductions.
