Compare ^{Contract Finance} Options For £50k Contracts

Invoice Finance works by advancing a portion of your unpaid invoices, giving you quick access to cash to cover contract costs. Typically, businesses with a turnover of at least £100,000 can access £10,000 to £500,000 over 1 to 12 months, with rates ranging from 1% to 3% per month and fast decisions in 24 to 48 hours. This is ideal for smoothing cash flow in sectors such as construction and manufacturing.

Trade Finance supports the purchase of goods required for contract delivery by releasing funds directly to suppliers. Available for amounts from £20,000 to £1 million, with terms between 3 and 18 months and typical interest rates of 2% to 4% per transaction. Decision times are up to 5 business days, assisting industries in managing key supplier payments efficiently.

Supply Chain Finance allows companies to offer early payments to their suppliers, usually at a discounted rate, to strengthen relationships and reduce costs. Common amounts range from £50,000 to £2 million, terms last 6 to 24 months, and rates sit between 0.5% and 3% per transaction. Approval times can take 1 to 2 weeks, making it suitable for larger, established businesses.