Before funding can be offered, your customer must be financially underwritten. Typically, this takes three working days.
Before funding can be offered, your customer must be financially underwritten. Typically, this takes three working days, but in special circumstances we can fast track the process and provide decisions within 24 hours for smaller applications.
A financial underwriting decision is based on historic performance and the wider issues that may affect your customer’s future trading. For each application, we must be in receipt of a full proposal and recent accounting information.
Depending on the level of involvement you wish to retain, your submission can be as little as a name & contact number or you can collate the full package for submission. Generally, these can be completed by phone, fax, or email, but for some applications and all larger transactions, a site visit may be required.
Quoting a finance rental within your marketing process can often help close the sale. As long as you know how much the asset cost will be, have a rough idea of your customers credit-worthiness, and know which facility profile the client requires, you will be able to work out a finance repayment. You can either call us for a quotation, or use the calculation tools we provide to work out the figures.
The proposal provides the fundamental information to research and process an application. The core details will include:
As a minimum we will require:
We may also require:
When the offer of funding has been made, we will notify you and the customer. Assuming the offer is accepted, we request an invoice from you and complete the finance documents with the customer.
Upon delivery of the goods, immediate and full payment will be made to you by cheque. For large transactions we can arrange telegraphic transfer of funds at a small cost.
Use our Online Enquiry Form on the right hand side of this page or Contact Us on 0800 0735353 and let our professional team find you competitive UK Vendor Finance.
