A traditional Lending Facility with no rates starting as low as 1.3% APR.
Release funds tied up in your invoices within 24 hours.
Similar to its unsecured counterpart, but with security offered, typically a property or asset, with equity attached.
Gain funding, or refinance, assets within your company, such as equipment, plant or vehicles.
As a Manufacturer of goods, waiting the entire process from the production of items, to funds being exchanged can often take time, and cashflow issues can arise. Manufacturing Finance can help to raise necessary funding through multiple facility types. Invoice Finance (Factoring) is common within the sector, allowing you to release funds on your invoices early, allowing you to better run the management of your cashflow and reducing the stress on your finances by increasing your working capital.
Invoice Finance is a product that allows you to access funds credited to you invoices, removing the stress of lengthy payment terms. We can support business owners in all stages of their growth, from new starts to those trading for 20+ years. Limited Companies and Partnerships can acquire funding through our panel of lenders, for working capital, business expansion (such as recruiting staff, or purchasing an asset) or ongoing projects. It is common knowledge that when a company invoices another, it generally takes anything from 30 days to 120 days (sometimes more) before that company receives payment from its debtor. This can have an impact on manufacturers and stop them from continuing to trade, together with stopping their progess to reach their full potential.
Keeping on top of your financial management is absolutely vital for a business trying to grow and be successful. An invoice finance facility could be the key. The main benefit of an Invoice Finance facility is that it massively increases your cash flow potentials. It removes the need to wait out lengthy payment terms, and ensures once work has been completed and an invoice is raised, you have those funds in your business account within 24 hours. This means once you have completed said work, you immediately gain the income.
There are also plenty of other funding options, such as Business Loans, which give you access to larger funding immediately, increasing your working capital. When considering the purchase of a large asset, an Asset Finance facility is another solution we can offer you, allowing you to efficiently finance the entire cost.
Loans are also a common product for Manufacturers and those in the goods production industry, as it provides an injection of cash into your accounts in order to fund new, or existing projects. This can be arranged with, or without security, depending on the strength of your business.
This can be arranged in the form of a traditional business loan, or an asset finance facility.
An asset finance facility allows you to make investment in a piece of equipment, vehicles or plant, making monthly payments rather than paying a lump sum on day one. This can also be organised as a refinancing of one of your already owned assets. This works similarly to a Secured Loan, freeing up working capital for business use.
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 this 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.
“ Perry & JD Capital Finance have been incredibly helpful from start to finish. They helped secure a CBILs package even when many lenders had stopped considering new applications. They've informed us of new developments every step of the way and have helped us through this uncertain time. Nice one, guys! ”
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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.
