Confidential Invoice Discounting
Release your working capital
Don’t let late payments hold you back. With Confidential Invoice Discounting from Clydesdale Bank, you could obtain immediate funding as soon as your invoices are notified to us via Invoice Finance Direct. A flexible yet secure solution, Confidential Invoice Discounting leaves you free to concentrate on the more important issues.
- Flexible alternative to an overdraft
- Allows you to retain all credit management functions
- Release up to 85% of the value of sales as soon as invoices are issued
To find out more:
- Call into your nearest branch (opens in a new window) or call 0845 606 4455
- If you’re an existing Business customer, contact your Business Manager
- Existing Business Direct customers, call 0845 606 4455
More Benefits
- Personal attention – dedicated Business Manager or Business Advisor can make decisions - fast
- Cashflow relief – immediate access to working capital to accelerate growth or negotiate supplier discounts
- Flexible – funding based on actual sales rather than projections, allowing quick growth without the worry of over-trading
- Simple security – in most cases an assignment of the book debts is all that is required
- Confidential – your business retains management of sales administration and credit control
Further Features
- Real-time access with our online Invoice Finance Direct system allowing you to monitor the facility and notify sales – giving you full control of your working capital
- Invoice Finance Direct functionality allows you to view funding levels, request payments, request credit limits, notify sales and receipts and view transaction history
- Bad Debt Protection is available – ask your Business Manager or Business Advisor for further details
- Export sales can be considered for funding purposes
Complementary Solutions
Important Information
- Interest calculated
- Daily against the funds utilised
- Applied to account monthly
- Standard interest rates can be found in the interest rates and charges section. Interest rates in respect of borrowing facilities are individually negotiated and the amount you are charged will depend on your circumstances - speak to your Business Manager or Business Advisor for more details
- Minimum amount £25,001
- Maximum amount
- An upper funding limit will depend on your individual circumstances and will be reviewed by your Business Manager or Business Advisor
- Alternative option – Business Overdraft
- Costs
- Administration fees – usually expressed as a percentage of the gross sales of the business and charged each time sales are notified, or as a fixed amount each month
- Funds transfer – no charge for a same day transfer of cleared funds to a Clydesdale Bank account
- Standard charges can be found in the interest rates and charges section. Other charges may apply which may be individually negotiated - speak to your Business Manager or Business Advisor for more details
- Terms and conditions
- Optional credit protection available subject to status
- Full terms and conditions are available on request
Terms and conditions apply. All facilities are subject to status and applicants must be aged 18 or over.
Clydesdale Bank PLC is authorised and regulated by the Financial Services Authority. Credit facilities other than regulated mortgages are not regulated by the Financial Services Authority. Clydesdale Bank PLC, Registered in Scotland (No. SC001111), Registered Office: 30 St. Vincent Place, Glasgow, G1 2HL. A member of the National Australia Bank Group of companies.