| It may sometimes be necessary to look for niche funding solutions, for example to provide short term headroom in working capital, asset purchase, or deposits on asset finance deals. |
| The credit limit can cover up to 2 times monthly gross payroll. |
| Funds can be made available on an unsecured basis (subject to directors' fraud warranties) and can sit alongside all other funding as it requires no debenture. It is unlikely that companies with a negative Balance Sheet will be considered. |
Costs will depend on the size of the facility but will include a one off set up fee in the region of 5% of the agreed credit limit with interest at 3-4% over base and a 1-2% monthly service charge based on average borrowings per month.
Click here to download the Payroll Funding datasheet. |
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