2 hrs

How long it takes to see if we can help you

£119,022,294

How much we have funded to small businesses so far

UK Finance represents nearly 300 of the leading firms providing finance, banking, markets and payments-related services in or from the UK. Trustpilot is a review community that builds trust and transparency between consumers and businesses.

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Rated by our clients

Is it for me?

Yes – If you are selling to overseas customers and want a simple open account invoice process, this is for you.

What it is

This solution is sometimes known as Export Overdraft.

We allow you to make use of our cross-border partnerships with 65 participant countries across the EU and most OECD nations. As long as we can get credit insurance, you will be able to invoice as usual and we will take care of verification and collection.

How it works

  1. As soon as credit approval has been given for your overseas customer, the goods can be shipped and you invoice as normal.
  2. There is no need for letters of credit, bills of lading or inspection certificates. Our overseas partner will verify the debt in the customer’s own language and carry out collection as is normal within the customer’s business culture.
  3. As soon as you provide us with proof of delivery,
    you can draw down on the funds.
  4. When your client settles the bill with us, we pay you the invoice amount, adjusted for any FX differential and less our fees.

Is this solution right for your business?

We also provide  Selective Invoice Discounting which allows you to factor one, some or all of your invoices with no long term commitment and no minimum fee, Stock finance  if you are a larger business needing a revolving stock finance facility and business loans for certain qualifying purposes.

 

 

Call now to discuss which solution is right for the way your business works.
020 8203 6500

Our fees

The fee is shown as a percentage of the amount advanced but it’s calculated using a number of factors:

  • the actual amount advanced
  • the number of days from draw down until your customer
    settles the amount
  • credit experience with the customer
  • fees incurred as a result of sending non-GBP payments

Top Tip

Don’t assume that other cultures do business in the same way as you.

We’ve made it even simpler

24/7 online platform

With our 24/7 online platform, you manage the whole process.

Bad debt protection

With our bad debt protection as standard, you’re covered even if your client becomes insolvent.

People we’ve helped

Find out Working Capital Partners can smooth the way with more than just export finance.

Read more

Talk to an expert

Registered and rated by:

UK Finance represents nearly 300 of the leading firms providing finance, banking, markets and payments-related services in or from the UK. Trustpilot is a review community that builds trust and transparency between consumers and businesses.