If you work in an industry where you receive a recurring revenue, be it from a licence, a retainer or an on-going contract then with contract finance we can help you access up to 80% of the future billings.
This tends to be suitable for those businesses in industries such as IT, maintenance and security, and can also work for subscription services (businesses only) or where any form of regular retainer is due.
Funders are currently looking for businesses with some experience of running these contracts (ideally 12 months – 2 years) and a turnover of at least £250k.
How it works:
- You provide us with the details of the contract, including the payments received to date.
- The funder will verify the contract and arrange for future payments to be made to them.
- The funds will be released within 24 hours – usually 80% of the billing value less the funder’s fees.
- When the contract is paid, the remainder is paid to you.
Give us a call today to find out if contract finance is suitable for your business. It could really help to keep your cash flowing.