Full Service Factoring
Turn working capital into cash
Unlock cash tied up in sales invoicing. Full Service Factoring from Clydesdale Bank is a flexible alternative to a Business Overdraft. By advancing funds based on the value of your sales ledger, it gives you immediate funding against approved sales as soon as your invoices are notified to us via Invoice Finance Direct. So you can concentrate on business growth.
- Immediate funding and sales ledger management
- Offers a dedicated credit control service
- Ideal for growing businesses, or those with unpredictable trading cycles
To start a new kind of banking relationship, arrange a visit to your local Financial Solutions Centre or call 08457 03 45 67.
More Benefits
- Personal attention – dedicated Relationship Partner can make decisions - fast
- Flexibility – funding based on actual sales rather than projections, which allows quick growth without the worry of over-trading
- Simple security – in most cases an assignment of the book debts is all that’s required
- Time and cost-effective – we deal with the sales administration and credit control functions
Further Features
- Real-time access with our online Invoice Finance Direct system allowing you to monitor the facility
- Invoice Finance Direct allows you to view debtors' position, funding levels and transaction history, request payments and credit limits, and notify new sales invoices for immediate funding
- Export sales can be considered for funding purposes
- Optional credit protection available
- Bad Debt Protection is available – ask your Relationship Partner for further details
Complementary Solutions
Important Information
- Interest calculated
- Daily against the funds utilised
- Applied to account monthly
- Standard interest rates can be found in the interest rates and charges section. Interest rates in respect of borrowing facilities are individually negotiated and the amount you are charged will depend on your circumstances - speak to your Relationship Partner for more details
- Borrowing
- No minimum amount
- Maximum amount
- An upper limit is agreed at the outset and is reviewed in line with your requirements thereafter
- Alternative option – Business Overdraft
- Costs
- Administration fees – usually expressed as a percentage of the gross sales of the business and charged each time sales are notified, or as a fixed amount each month
- Funds transfer – no charge for a same day transfer of cleared funds to a Clydesdale Bank account
- Standard charges can be found in the interest rates and charges section. Other charges may apply which may be individually negotiated - speak to your Relationship Partner for more details
- Terms and conditions
- Full terms and conditions are available on request
Terms and conditions apply. All facilites are subject to status and applicants must be aged 18 or over.
Clydesdale Bank PLC is authorised and regulated by the Financial Services Authority. Credit facilities other than regulated mortgages are not regulated by the Financial Services Authority. Clydesdale Bank PLC, Registered in Scotland (No. SC001111), Registered Office: 30 St. Vincent Place, Glasgow, G1 2HL. A member of the National Australia Bank Group of companies.