What is your product?
An unsecured Trade Finance facility which can be used to pay International or domestic suppliers up front.
How does it work?
We offer a revolving facility with up to £3 million to pay supplier invoices up front and allows for up to 150 days to settle the balance. Our facility is free to set up and free to maintain, therefore if it's not used, there are no charges. It’s completely unsecured (no debenture, no title over goods; won't conflict with existing banking relationships, no public charges at companies house). Generally, our facility is used to increase credit terms, leverage early settlement discounts or as an extra pool of liquidity during busy periods.
How would a business use your product?
Upload a supplier invoice onto our simple online platform, we will then send the client a bill of exchange, once this has been returned to Ebury, the funds will be released to the supplier.
What are the approximate costs?
Ebury’s business funding costs nothing to set up or maintain, you only pay when we finance an invoice. The only cost is a pro-rated interest rate from 0.2% per month.
How long does it typically take to secure funding?
Once we have received all the requested financials, the process typically takes between 4 to 10 working days
What type of security or other requirements do you have?
We offer a completely unsecured line of credit. We accept companies with over £1 million in annual revenues and £100,000 of tangible net worth. We also look for a minimum of two years’ healthy trading record.
What supporting documents are needed?
We require financial information to properly assess your business. This may include two years of full accounts, monthly (or quarterly) management accounts for the past 12 months and a list of aged debtors and creditors. Alternatively, if management accounts are not created, we can accept the last 13 months of VAT returns and the last 6 months of bank statements.
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