Confidential Invoice Discounting
Free up your working capital with Confidential Invoice Discounting
Don’t let late payments become an issue. With Confidential Invoice Discounting from Yorkshire Bank, you could access instant funds as soon as your invoices are notified to us via Invoice Finance Direct. Confidential Invoice Discounting is a secure and flexible business banking solution which means you can spend time focusing on more pressing matters.
- Flexible alternative to an overdraft
- Allows you to retain all credit management functions
- Release up to 85% of the value of sales as soon as invoices are issued
To find out more, contact your Relationship Partner, 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
- 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
- Confidential – your business retains management of sales administration and credit control
- Simple security – in most cases an assignment of the book debts is all that is required
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
- Invoice Finance Direct functionality allows you to view funding levels, request payments, request credit limits, notify sales and receipts and view transaction history
- Bad Debt Protection is available – ask your Relationship Partner for further details
- 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 Relationship 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 Relationship 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 Relationship 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.