Invoice finance fees explained: a complete guide to pricing and charges
Invoice finance offers businesses cash flow, but many do not know what the fee structure is. Invoice finance is different from straightforward business loans as it is accompanied by overlapping charges like a service fee, a discount rate, and potentially setup, maintenance, and termination costs. What is invoice finance, and how does it work? Invoice […]
Revolving credit facility vs. Overdraft
An overdraft is technically a type of revolving credit, but the two products work very differently in practice. An overdraft is tied to your business current account and provided by your bank, letting you go into a negative balance up to an agreed limit. A revolving credit facility is a standalone agreement with a lender, […]
Business Loan Interest Rates UK: A Complete Guide
If you are considering taking out a business loan, it’s obviously important to consider how much it might cost. If you are looking for a business loan in the UK, you need to understand what specific interest rates apply to specific types of loans before applying. Interest rates vary depending on the type of financial […]
Hire Purchase vs Leasing: Key Differences Explained
Hire purchase and leasing are both financing options available to businesses and individuals in the United Kingdom. There are a number of key differences between the two options that should be considered before making a decision.
What Are the Benefits of a Drawdown Facility?
The benefits of a drawdown facility include flexible borrowing on your own terms, lower overall interest costs compared to a traditional lump-sum loan, fast approval times, and no requirement to put up business assets as security. Because you only borrow what you need, when you need it, a drawdown facility gives businesses access to finance […]
