PO Box 70, Alnwick, Northumberland,NE66 2WZ

For further information call

 

John Green on 01665 575424

or 

E Mail johngreen@northumbrian-finance.co.uk

 

                                                                       

 

                                                                       Credit Licence No.579256      

                    

                      Northumbrian Finance Limited is registered in England.Registration No. 5957383 

 

                                                           ©  Northumbrian Finance Limited 2012

Please contact us for further details.

Fixed assets, stocks and debtors are the normal items available for refinance, but there is a new and innovative way of, cost effectively, supplementing your cash flow by refinancing your payroll.

Payroll Refinance

 

This can provide the following advantages,

 

1.    It will provide an additional facility for directly settling any percentage of the businesses weekly/monthly payroll commitments.

2.   The facility limit is typically set at the equivalent of 2 months payroll commitment.

3.   It gives 56 days repayment terms on each transaction and only attracts charges on the average funds in normal use over each month.

4.  It can be fully self-managed on line, similar to an online bank facility.

 

The benefits are,

 

1. It is unsecured funding geared to payroll commitments rather than the sales ledgers or other assets.

2.  It is complimentary to most forms of asset based funding without affecting existing security arrangements.

3.  Highly cost effective funding to meet short and mid term needs.

4.   Absolutely no penalties for early repayment and no fixed monthly fees.

5.  Funds can be accessed on an “ad hoc” or rolling basis at any time.

6. The funding is totally invisible  to employees, clients, suppliers or competitors.

 

Invoice Discounting and Factoring.

 

Invoice discounting or factoring are two different ways of releasing cash tied up in your sales debtors.

 

Invoice Discounting is a funding facility that is designed specifically to release cash tied up in your sales ledger. You remain in full control of maintaining your sales ledger, credit control and collection activities.

Invoice Factoring is a comprehensive sales funding and credit management facility with funds directly linked to your outstanding sales invoices. This form of working capital finance can be drawn down as and when you need it. The factoring company will provide a professional and expert management service for your sales ledger and allows you to concentrate on expanding your business.

 

Both facilities can provide up to 95% of the value of your invoices.

 

Leasehold Finance and Refinance

We are able to arrange funding for the purchase of a leasehold or the refinance of an existing leasehold property. If you are looking to start up a new business with leasehold premises or need to refurbish or modernise your premises we can help.

The funding covers all businesses in the retail and commercial sector and with additional security the funding can even be up to 100%.

 

Stock Refinance

 

Stock re-finance is very similar to invoice discounting but applied to stock. This type of re-finance is particularly useful when goods are manufactured for seasonal markets.

Refinance of Plant and Machinery