Revolving Credit

Planworth’s revolving credit allows you to only commit certain customers or multi-debtors to the facility in comparison to the traditional types of invoices finance you will borrow against all or majority of your sales ledger facility.

  • As an example, if you had ten customers, but only two who paid on slower terms, you could simply commit the two slower paying customers to the facility, and exclude the eight who pay well. Alternatively you can commit all customer (debtor) so that your borrowings can increase and decrease as you need so long as the borrowing remains within the formula and overall facility, no need to pay unnecessary interest like a term loan and yet can have access to the fund at any time.
  • Compared to the more traditional products, Multi Invoice & Multi Debtors Finance is more flexible and is becoming more popular as it is very easy to use and easy to add new customer (debtors) to the facility and get new limit approved- you can borrow against them quickly.
  • Multi invoice & Multi Debtors Finance not only helps to access funds immediately but also allows doing so at one’s terms. Such a process enables businesses to retain control over their Processes and encourages zero third-party involvement.
  • Usually, it is considered to be cheaper when compared to raising money against every invoice. To elaborate, for invoice financing, usually, the entire sales ledger is sold to a financier.

Revolving Credit

Planworth’s revolving credit allows you to only commit certain customers or multi-debtors to the facility in comparison to the traditional types of invoices finance you will borrow against all or majority of your sales ledger facility.

  • As an example, if you had ten customers, but only two who paid on slower terms, you could simply commit the two slower paying customers to the facility, and exclude the eight who pay well. Alternatively you can commit all customer (debtor) so that your borrowings can increase and decrease as you need so long as the borrowing remains within the formula and overall facility, no need to pay unnecessary interest like a term loan and yet can have access to the fund at any time.
  • Compared to the more traditional products, Multi Invoice & Multi Debtors Finance is more flexible and is becoming more popular as it is very easy to use and easy to add new customer (debtors) to the facility and get new limit approved- you can borrow against them quickly.
  • Multi invoice & Multi Debtors Finance not only helps to access funds immediately but also allows doing so at one’s terms. Such a process enables businesses to retain control over their Processes and encourages zero third-party involvement.
  • Usually, it is considered to be cheaper when compared to raising money against every invoice. To elaborate, for invoice financing, usually, the entire sales ledger is sold to a financier.

How Does It Works?

Instead of select single Invoice (debtor) finance or financing ledger against all customers on your sales ledger, you would only choose those you want to fund and commit them to the facility.
Once you commit a customer to the facility, you must give all invoices for that customer to the selected invoice finance lender. You will receive two payments from the lender. The first payment will be the initial payment against the total invoice value, known as the advance payment percentage. The second payment is the remainder of the invoice, minus the agreed upon factoring fee.

How Does It Works?

Instead of select single Invoice (debtor) finance or financing ledger against all customers on your sales ledger, you would only choose those you want to fund and commit them to the facility.
Once you commit a customer to the facility, you must give all invoices for that customer to the selected invoice finance lender. You will receive two payments from the lender. The first payment will be the initial payment against the total invoice value, known as the advance payment percentage. The second payment is the remainder of the invoice, minus the agreed upon factoring fee.

The Basic Steps Of Multi Invoice Finance

  • Initially, you will submit the invoices you would like to fund to the selective invoice finance lender.
  • Once the amount of funding available per customer is agreed, the lender will do a verification with your customer
  • Once the invoice is verified, your selective invoice finance provider will advance the funds to you.
  • Your selective invoice finance provider chases your customer for payment of the invoices which they have advanced funds against.
  • Once payment has been made by your customer to the lender, you will receive the remaining balance of the invoice, minus the agreed upon fee.

 

Who Is Suitable For Multi Invoice & Multi Debtor Finance?

  • Initially, you will submit the invoices you would like to fund to the selective invoice finance lender.
  • Once the amount of funding available per customer is agreed, the lender will do a verification with your customer
  • Once the invoice is verified, your selective invoice finance provider will advance the funds to you.
  • Your selective invoice finance provider chases your customer for payment of the invoices which they have advanced funds against.
  • Once payment has been made by your customer to the lender, you will receive the remaining balance of the invoice, minus the agreed upon fee.

 

The Basic Steps Of Multi Invoice Finance

  • Initially, you will submit the invoices you would like to fund to the selective invoice finance lender.
  • Once the amount of funding available per customer is agreed, the lender will do a verification with your customer
  • Once the invoice is verified, your selective invoice finance provider will advance the funds to you.
  • Your selective invoice finance provider chases your customer for payment of the invoices which they have advanced funds against.
  • Once payment has been made by your customer to the lender, you will receive the remaining balance of the invoice, minus the agreed upon fee.

 

Who Is Suitable For Multi Invoice & Multi Debtor Finance?

  • Initially, you will submit the invoices you would like to fund to the selective invoice finance lender.
  • Once the amount of funding available per customer is agreed, the lender will do a verification with your customer
  • Once the invoice is verified, your selective invoice finance provider will advance the funds to you.
  • Your selective invoice finance provider chases your customer for payment of the invoices which they have advanced funds against.
  • Once payment has been made by your customer to the lender, you will receive the remaining balance of the invoice, minus the agreed upon fee.

 

Benefits

  • Get access to immediate cash
  • Help you to expand your business
  • The facility can grow and adapt to your company’s needs
  • There is no collateral required
  • Does not create debt and made your balance sheet look stronger
  • Fewer restrictions than bank loan
  • We manage your receivables and let you focus on your business

Benefits

  • Get access to immediate cash
  • Help you to expand your business
  • The facility can grow and adapt to your company’s needs
  • There is no collateral required
  • Does not create debt and made your balance sheet look stronger
  • Fewer restrictions than bank loan
  • We manage your receivables and let you focus on your business