Give me the facts
|ELIGIBILITY||Any business with a turnover up to £600,000 or under that provides credit terms to other businesses|
|AMOUNT||Funding between £25,000 - £75,000|
|DURATION||12 month minimum term with rolling contract thereafter|
|RATE||Fixed monthly fee plus competitive interest on what you use|
|SPEED OF DECISION||Decision in principle by next working day|
|SECURITY REQUIRED||Personal Guarantee and Debenture|
|FACILITY SET UP||Once we have supporting documents and a signed agreement your facility will be set up the next working day|
|ACCESS TO CASH||Same day payment (as long as requested before 4pm)|
|PAYMENT OF FEES||Automatically deducted from your FlexiCredit account every month|
|SERVICE||Online self service|
Your questions answered
Does your business have a turnover of £600,000 or under? Do you get paid by invoicing other businesses? FlexiCredit was designed for you.
When you’re waiting for clients to pay there’s always that element of uncertainty. Will they pay on time? Is there enough in the account to cover your own bills? Cashflow is a constant juggle, but FlexiCredit takes the pressure off.
Whenever you need a cash injection, we can have the funds in your account on the same day. Once we set your FlexiCredit limit, there’s no further application or approval process to go through.
We base the facility on your sales ledger and can offer £25,000 up to £75,000.
Not a problem. Our products are tailored towards specific business stages, so if you find yourself looking for greater funding we can talk you through a range of other funding options.
As long as you need it. FlexiCredit is done on a 12 month minimum term with a rolling contract thereafter, so it’s always there for you ‘on standby’ whenever you need it.
Fixed monthly fee plus competitive interest on what you use
FlexiCredit is like a simpler form of Invoice Factoring, so there’s no need to have both. Many customers who already had Invoice Finance with us have moved onto FlexiCredit because it’s easier. There’s no monthly invoices to submit.
We pre-approve your credit limit when we set up your account and all you have to do is give us the value of your invoices and credit notes each month.
The beauty of FlexiCredit is that you can do everything through your online account. When you need funds simply log in to your online account and request from your available balance. Do it by 4.00pm and the cash will be available later that day. It’s that simple. Any questions, we’re only ever a call or email away.
Just click ‘Apply’ to fill in a quick enquiry which will enable us to do the necessary searches (don’t worry, this won’t affect your credit rating). We’ll then give you call to chat things through and complete the application form and give you a call to chat things through. Once your supporting documents are in place we can set up your account.
We try to approve your application as quickly and painlessly as possible. To help us do this we need you to provide 3 months’ bank statements, aged debtors and creditors reports, latest financial accounts, sample paper trail and confirmation of HMRC.
We'll give you a decision in principle by the next working day after submitting your application. The sooner you get in touch, the sooner we can get things moving.