Revolving Credit Facility
Externally funded, unsecured
Facility size £250,000 – £5,000,000. – Pay as you go
Whitehall Finance makes supplier payments and Buyer repays up to 120 days later.
Secured by Credit Insurance and Promissory Note
Can take out or sit alongside bank lending, Invoice Finance etc.
Can be used as an effective Trade Finance facility
- Immediate payment to suppliers no matter where they are located.
- Funding for goods or services
- Enables funding earlier than other forms of finance such as Invoice Finance
- Can be used as a Trade Finance Facility if the Buyer is happy to pay the Supplier
- Cost between 1% – 1.5% per month – we pay 15% Commission
- Facility Fee – discussed with you and we split 50/50