Compare ^{Contract Finance} Options For £600k Funding

Companies using Invoice Finance submit their outstanding invoices to a lender, who advances a percentage of the invoice value within 1 to 2 weeks. This helps bridge cash flow gaps while awaiting payment from clients. Typical funding ranges from £10,000 to £1,000,000, with terms up to 12 months. Rates vary between 1% and 3% above base rate, depending on creditworthiness and invoice values. Invoice Finance is common in sectors like manufacturing and logistics.

With Trade Finance, lenders pay suppliers directly, allowing businesses to access goods or services before issuing payment to the lender. This enables smoother global trading and helps cover gaps between supplier invoices and client payments. Funding usually runs from £50,000 to £5,000,000 for up to 12 months, with typical rates of 2% to 5% above base. Used widely by retailers, manufacturers and e-commerce businesses involved in import/export activities.

This option gives suppliers early payment on approved invoices, while the business repays the lender at a later date, often on extended terms. It suits firms with strong supplier links and can facilitate funding up to £10,000,000. Arrangements are usually flexibly structured with rates starting from 2% above the base rate. Decision times typically run 3 to 5 weeks, and it is common in sectors like consumer goods and automotive.