Approve - Fund - Collect - Protect

For our SME clients this is the way we explain what we do, and how we can solve your business problems- in a language that's easy to understand. Why not watch a video that explains exactly what Approve - Fund - Protect - Collect means in practice?

Approve

It's one thing to find new customers and markets; it's another entirely to check their credit ratings. Whenever you think about entering into business with a new customer, we will rigorously check their ability to pay fully and on time. We analyse the market information on your customers and give each one a credit limit.

RBS Invoice Finance has unlimited access to six different databases, which allows us to cross-reference new customer referrals and take a properly informed decision as to their credit worthiness. Plus, you can apply for new customer credit limits 24/7 via FacFlow, our online system.

Fund

Securing adequate working capital to fulfil orders won is a process and a principle that goes to the heart of invoice finance. If you need improved cash flow or immediate working capital, we can provide you with up to 85% of monies from unpaid invoices within 24 hours. When your customer settles their bill, you repay our advance, and keep the remainder minus our fee and interest for the days advanced.

This facility is linked to the base rate, so you only pay borrowing costs on funds actually drawn. Because we're part of the RBS Group, all of your working capital management needs can be catered for within the same provider. Provided everything is going well, the facilities grow in line with your sales.

Collect

Being paid quicker reduces your working capital needs; we will work towards obtaining full, on-time payment of your customers' invoices.

We have a large, 115-strong team of credit controllers. Many of the team are fluent in foreign languages, which is ideal if you're trading abroad. Indeed, investment in our credit control team has led to an increased reduction in payment days, thereby allowing you access to your money faster than ever before. And, in the event of non-payment, we provide a full legal service to help you recover lost monies.

Protect

Non-payment and customers defaulting on their debts is a risk that needs to be managed. Our financial solutions take the worry out of the process for you.

In the first instance (see also Approve), our dedicated in-house team set limits on customer credit and provide protection against non-paid debts. Indeed, by accessing the FacFlow system, you have access to, and can apply for, customer credit limits 24/7. Protection is provided in-house, and isn't tied to the trade credit insurance market. In the unfortunate event of the formal insolvency of your customer, we provide up to 100% protection against unpaid debts.

Security may be required. Product fees may apply.