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Confidential Invoice Discounting

Confidential Invoice Discounting is now seen as a competitive alternative to bank overdrafts.

The facility is superior to overdraft in a number of ways; it normally provides more funding, there is no need to constantly renegotiate limits, there is no requirement for charges on personal property and the finance charges are very competitive.

However, Invoice Discounting has historically been reserved for larger and established businesses. Calverton Finance is in business to help small to medium-sized owner-managed businesses and we are therefore able to offer this service to young and growing businesses. Key features:

  • With Invoice Discounting you will receive advances of funds against outstanding sales invoices.
  • You manage the credit control and collect the payments from your customers.
  • The facility is confidential, which means that your customers do not know about the invoice discounting.

How it works:

  • You raise and issue your invoices in the normal manner and upload your sales ledger to us via our website.
  • We make available to you an agreed percentage of the sales ledger (up to 80%).
  • You let us know how much you wish to draw down and we transfer funds directly into your bank account.
  • You chase the customers and collect payments (paid into a trust account).
  • Once a customer payment has been received we then make available the 20% balance for you to draw down.

Charges:

  • Charges are comparable to bank overdraft rates. There are two charges.
  • Administration fee: charged as a percentage of the value of the invoice or as a fixed monthly fee.
  • Interest charge: charged against the funds that you draw down from your funding availability.

Why deal with us?

If you are unhappy with the depersonalised banking sector, constantly changing staff and not being able to talk to the right person, then you should be talking to us. We have been established for over 12 years and we specialise in providing facilities like confidential invoice discounting to owner-managed businesses. We are a friendly company with a family feel. Our staff and clients stay with us because we look after them and our pursuit of excellence in our service levels is unrelenting. We are open and honest with our charges and we are flexible and commercial in our decision-making. But most of all we listen to you. We are not driven by rules, targets or credit scores and will always try our best to put together a facility that matches your individual requirements and needs. If you would like a detailed quotation, please complete our Get a Quote page. For an explanation of any jargon go to our Jargon Buster page.

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