invocap - Short Term Loans

invocap - Short Term Loans

What is your product?

Business Loan - Our business loan facility is a revolving line where loans are repaid over a period of up to one year. Further advances can be made every 3 months to top the facility up to the credit limit. Repayments are made on a weekly basis via direct debit.

Loans from £30k up to £500k.

How does it work and how long does it typically take to secure funding?

Following a 2-minute registration process, we will look to provide a quick response and following credit approval, businesses can borrow on their own terms.

The process is slick and efficient plus we always look to have funds available within 24 hours......assuming we have the information we need of course!

This allows businesses to borrow the amount they want, when they need it and on terms that suit their requirements.

What are the approximate costs?

Costs are competitive with a flat fee starting at 1% per month

What type of security or other requirements do you have?

Required turnover of £250,000. As an invoice backed lender we will ask for a debenture and PG but we can also look to leverage other assets if required. Top debtors are verified at setup. Preference for directors who are homeowners.

What supporting documents are needed?

To make an application we simply need directors ID and proof of address / last 3 months business bank statements/company management information.

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