Jerry Riches’ Post

STOCKING UP FOR CHRISTMAS? The sun may be shining, but for many, Christmas is just around the corner. If you’re now ordering stock in readiness, you’ll know the challenge that this presents to cashflow. If you order too late, can you be sure of delivery, order too soon and you’re desperate for shoppers to get the tills ringing, and the temptation is inescapable to discount early to get the cash coming in. But you can avoid that pain, by using a Supplier Payment Facility where the lender pays your supplier invoice immediately, probably providing an opportunity for an early settlement discount, and then spreading the payment over 3, 6, 9, or 12 months. Term dependent on your preference and underwriting approval. The arrangement is simple, agree a credit facility that is reduced as each supplier invoice is settled, and the term. Upload the invoice, it can be from a UK or any EU supplier, or many other countries, it gets paid, and you repay the capital over your agreed term. There’s a fixed facility fee, based on the credit limit, that is paid monthly over the agreed term. This is an unsecured facility, no personal guarantees or debenture. Would this arrangement help you through the months leading up to Christmas, message me, call 07557 980473 or email jerry@bftrust.co.uk to discuss.