Invoice Discounting at Anglo Irish Bank will turn a large percentage of your credit sales into immediate cash on a confidential basis.
Is your business:
- Growing rapidly but you are unable to get adequate working capital from traditional lenders?
- Involved in a management buyout or acquisition?
- Starting to do well after a period of losses but unable to obtain financing to support the turn around?
- Unable to extend normal credit terms due to inadequate cash flow?
- Unable to avail of favourable discounts from creditors because of inadequate cashflow?
- Involved in selling seasonal products and requires additional funding during peak trading?
If you answer YES to ANY of the above questions, then we could benefit your business with:
- An immediate cash flow injection of up to 80% of the value of outstanding invoices.
- The same level of finance available on new invoices as they are raised and notified to the bank.
- The balance, less any charges, made available as debtor payments are received.
Invoice Discounting at Anglo Irish Bank is designed for profitable businesses, turning over more than £1.5 million per annum, where there are no material post-sale obligations or stage payments and effective credit control and sales ledger procedures are employed.
Benefits to You
- Flexible Finance: funds available increase with turnover, keeping pace with your company growth.
- Confidentiality: your debtors are completely unaware of the arrangement.
- Control: you retain full control over your debtor book and remain responsible for issuing statements and making collections.
- Simplicity: our easy to use service includes remote on-line access to your account using the latest Internet technology.
- Reduced costs: by increasing your cash flow capacity, invoice discounting can help you to take advantage of attractive supplier discounts.
- No dilution in equity: expansion can be facilitated without having to bring in outside investment.
Costs
A discounting charge is applied on actual funds utilised at a rate similar to the interest charged on a business overdraft. We also charge a small service fee to cover the costs of monitoring and administering the facility.
Contact our Invoice Discounting Team for a confidential discussion on how Anglo Irish Bank could benefit your business.
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