Supply Chain Finance With Grow Funding  

Well imagine this, 

Your company has been pre-approved a sum of funding called ‘Supply Chain Finance’; these funds are immediately available. You can choose which of your suppliers are added to an on-line portal that you have access to anywhere, (even on your phone). When your supplier issues their invoice, you can choose on this portal to pay the supplier straight away or delay the funds. This means you have the option of paying suppliers instantly without using your cash flow. With the power of instant payments  you can negotiate better terms and prices with your supplier. Also fulfilling a higher demand of orders and contracts. 

The option of adding Invoice Finance to pay back the funding is also available, meaning you have a continuous loop of funding to support larger growth and supply to you customers. 

Here is how it works:

Your supplier issues you their invoice 

You upload the approved invoices and offer the early payment offer for a discount

Supplier accepts the early payment option with a discount 

You can pay the supplier, or you can use the 'Supply Chain Finance' 

Suppliers like ‘Supply Chain Finance’ because, some suppliers cannot get finance for several reasons, sometimes due to bad credit or because of the type of product they are offering. That is why some suppliers will offer a discount in exchange of instant payment. The discount which they are offered covers the cost of you funding facility.   

Setting up a ‘Supply Chain Finance’ facility takes only several days. Having the online portal makes the experience and process work seamlessly for both you and the supplier. The invoices that have early payment options are sent by you along with the max amount of payment to a supplier. 

There is NO set up cost to you, only to the supplier if they choose to take the early payment option. This is usually a cheaper option than invoice finance. 

You have the control over how much discount you want to charge for the early payment option, some companies have achieved up to 2% including the fees of the funding per month. There is no limit to how many suppliers you offer the ‘Supply Chain Finance’ to. The on-line portal will give you access to all reporting, so it is easy to see how many invoices you have approved and how many suppliers have taken you up on this facility. 

For more questions on ‘Supply Chain Finance’ otherwise known as ‘Trade Finance’ please contact one of our friendly teams here at Grow Funding. 

We offer a free consultation and can advise you if this is the best finance for your business. We are regulated by the FCA to give you piece of mind.

Telephone: 01903 660091 or email: expert@growfunding.co.uk