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How it works
Using Cashflow Finance to create positive cash flow to help your business grow
- Benefit from positive, predictable cash flow
- Suitable for virtually any business with a turnover in excess of £50,000 pa
- Enjoy the benefits of your current sales and stock value
- Up to 100% of the value of your invoice within 24 hours (less our charges)*
Free your business from uncertain cash flow
Positive, predictable cash flow is vital to any organisation. With funds in the bank, rather than promises on paper, you can focus on what's most important: running and growing your business.
Suitable for any business with a turnover of between £50,000 and £500m, Cashflow Finance allows you to benefit fully from the strength of your current sales and even the value of your stock. There's no more waiting for clients to pay, and your other credit lines remain free for other, more positive, uses.
Why wait? Turn your invoices into cash
What you choose to do with the enhanced business cash flow is up to you. You could improve relationships with your own suppliers by paying them faster. You could buy more stock. Or take advantage of an investment opportunity. With Cashflow Finance, you have real flexibility – and certainty.
Our dedicated Cashflow Finance team will work with you to create the best cash flow options for your business. This may include Invoice Discounting or Factoring, both of which give you access to up 100% of the value of your invoices within 24 hours (less our charges)*. We can also offer your business Credit Protection, adding even greater security to your agreed package.
An example of Invoice Discounting
Below is an example of invoice discounting where you are paid 95% of your invoice value. The example is for illustration purposes only as discount charge and service fee are individually negotiable. The service fee is charged as a percentage when the invoice is assigned to us and is subject to a minimum fee for the year. A one off arrangement fee may also be payable at the start of your agreement.
July 1:
You issue an invoice for £100 including VAT
Bank of Scotland Cashflow Finance pays 95% of the invoice value = £95.00
Less our service fee of 1% of the invoice amount = £1.00
Within 24 hours your receive £94.00
July 31:
Customer pays your invoice on July 31
We pay the balance of your invoice = £5
Less discount charge on funds advanced between 1 July until payment on July 31 at 2.5% over base = 56p
So on July 31 your receive £4.44
Therefore, the total amount you receive on the initial advance less our fee = £94.00 plus balance less interest charge on initial advance = £4.44, which totals £98.44
This means the total cost of financing your £100 invoice is £100 minus £98.44 = £1.56
Once your cash flow account has been set-up, our online access facility, will let you see how everything stands, with up-to-the-second information on balances, payments and charges.
So now there's no need to worry about your future cash flow. With Cashflow Finance from Bank of Scotland Corporate, you take control of your credit.
* 100% less our charges. 24 hours if required – subject to agreed processing conditions.
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