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Home>Pre-Advance

Pre-Advance

Pre-Advance is a service for Factoring or Invoice Finance clients, providing a pre-approved cash facility that can be drawn down whenever it’s needed. It’s a pre-authorised, flexible fund ready for use in your business.

Pre-Advance – how does it work?

As a client, a Pre-Advance account can give you access to anything from an additional £5,000 to £20,000 on top of the finance you are accessing through other services. It takes around 48 hours to set-up and become available to drawdown at any time, to help you to make the most of any business opportunity.

Pre-Advance is a unique service that complements our fantastic range of creative finance solutions and provides our clients with the ability to take their businesses that little bit further.

New opportunities can come along requiring fast access to flexible finance – be it a new technology, an opportunity to take advantage of a bulk deal, a last minute bargain, an exhibition or advertising space. The great thing about a Pre-Advance account is that you don’t have to justify what you need it for – it’s just there for when you need it.

The benefits include:

  • Available to Factoring and Invoice Discount Clients

  • Provides anything from £5,000 to £20,000 funding on top of your existing Invoice Finance facility

  • Flexible finance, pre-approved and ready when you are

  • Not dependant on other assets in the business, so is particularly useful for service companies

  • Can allow funding in excess of 100% of your invoice value, when used in conjunction without other services

  • Can be used in conjunction with many other Trade Finance services

To enjoy Pre-Advance you will typically:

  • Engage in either Factoring or Invoice Discounting.

  • Be able to provide a Personal Guarantee

  • Have a clean credit history

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