Confidential Invoice Discounting
Release your working capital, unlock your potential
Don’t be held back by late payments. Yorkshire Bank provide Confidential Invoice Discounting so that you can obtain immediate funding as soon as your invoices are notified to us via Invoice Finance Direct. A secure and flexible solution, Confidential Invoice Discounting leaves you free to concentrate on the more important issues.
- Flexible alternative to an overdraft
- Release up to 85% of the value of sales as soon as invoices are issued
- Allows you to retain all credit management functions
To find out more, contact your Agribusiness Partner, arrange a visit to your local Financial Solutions Centre or call 08457 034 567.
More Benefits
- Flexible – funding based on actual sales rather than projections, allowing quick growth without the worry of over-trading
- Cashflow relief – immediate access to working capital to accelerate growth or negotiate supplier discounts
- Simple security – in most cases an assignment of the book debts is all that is required
- Personal attention – dedicated Agribusiness Partner can make decisions - fast
- Confidential – your business retains management of sales administration and credit control
Further Features
- Real-time access with our online Invoice Finance Direct system allowing you to monitor the facility and notify sales – giving you full control of your working capital
- Bad Debt Protection is available – ask your local Agribusiness Partner for further details
- Invoice Finance Direct functionality allows you to view funding levels, request payments, request credit limits, notify sales and receipts and view transaction history
- Export sales can be considered for funding purposes
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 local Agribusiness Partner for more details
- Minimum amount £25,001
- Maximum amount
- An upper funding limit will depend on your individual circumstances and will be reviewed by your local Agribusiness Partner
- 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 Yorkshire 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 local Agribusiness Partner for more details
- Terms and conditions
- Optional credit protection available subject to status
- Full terms and conditions are available on request
Terms and conditions apply. All facilities are subject to status and applicants must be aged 18 or over.
Yorkshire Bank is a trading name of Clydesdale Bank PLC which 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.