What is a bundled fee deal?
For businesses with a turnover up to £500,000 a bundled fee invoice finance deal is a great alternative to a traditional invoice finance deal. You pay a single fixed percentage per invoice, agreed at the outset, and this is the total cost of the finance. The beauty of this type of invoice finance agreement is that you can accurately build into your invoices the margin needed to cover your finance costs. It is a simple way of obtaining finance and one enjoyed by many of our clients.
What is included?
With a bundled deal there are no hidden costs. No separate service charge, no separate discounting charge and with the exception of CHAP’s, no other disbursement charges. The feedback from our clients is that they can confidently sell a product without fear that the finance costs them more than they believed.
We have a number of lenders that can offer this simple structure and each varies in its terms. What we regularly see is:
- Total fee between 2% and 4%
- One simple fee with no hidden extras
- No minimum fees
- Short term contracts
- Suitable from start up through to £500,000 turnover
- Maximum borrowing £100,000
- Credit control included
- Bad debt protection can be included
If your business is suitable for invoice finance and has a requirement for under £100,000 then a bundled invoice finance deal is worth looking at regardless of sector. Therefore whether you are a temporary recruitment company, engineers or contractors we can look at this option.
Why use Beacon?
As a leading invoice finance brokerage we are fully up to date on our lenders various offerings. We can quickly establish suitable lenders and ensure you are working with the right invoice finance company. We regularly receive feedback from all lenders in the market and pride ourselves on finding you the best long term deal.
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