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purchase Finance

boost your puchasing power

Dedicated

Client

Manager

Bespoke Funding 

Solution

We can pay your suppliers

in many

currencies

Increase 

stock

Levels

Fast and flexible Finance

A common problem for businesses is that when they recieve a potentially lucrative sales order, they often realise they do not have the cash resources to pay for the necessary product to fulfil that potentially valuable order.  Particularly when you have multiple orders on the table.  

Whilst this is great news for your business, the headache of having the liquid capital available to fulfil these orders is not.  

The last thing you want to do is turn away a large purchase order, missing out on the opportunity to generate revenue for your business and the potential for repeat business

This problem is often exacerbated by the lack of credit provided by the manufacturer when they raise the invoice.  

This is where a purchase finance facility from Regency comes into play.    

A purchase finance facility from Regency Factors goes hand in hand with our invoice finance  or inventory finance facility.  

We provide access to the cash you need to fulfil the next large purchase order than comes in.  

 

We can pay your suppliers directly leaving you to focus on delivering your outstanding product or service to your clients and growing your customer base.   

How can Invoice Finance help

How can purchase finance help your business? 

Waiting for clients to pay so you can pay your suppliers is a juggle.

 

Our purchase finance solution helps you to balance those competing needs – satisfying both your suppliers’ needs with those of your own business.

 

Our purchase finance maximises your supply chain opportunities by empowering you to pay your suppliers upfront (potentially benefitting from an early payment discount).

 

You then repay us through your inventory finance or invoice finance facility once you raise an invoice to your customer. 

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FAQs
  • Who is Invoice Finance for?
    Businesses of all shapes and sizes. Waiting to be paid is a universal pressure, regardless of the scale of your operation or sector you’re in. But it needn’t be. Invoice Finance releases the cash back in your business from the cash tied up in your invoices.
  • What do I need to be eligible for invoice finance?
    To be eligible for invoice financing your business needs to deal with other businesses, and normally raises invoices for payment. UK based Small-to-Medium sized businesses (SMEs) You can be starting up, growing or well established. We support many businesses at different stages with their growth ambitions
  • Is Invoice Finance better than a business loan?
    Both have their benefits and can help businesses access much needed working capital. In our eyes, some of the biggest differences are: The support that comes with an Invoice Finance facility: all of our facilities are managed by a dedicated Relationship Manager and credit controller. The flexibility of Working Capital finance: credit control, debtor protection and best for seasonal businesses Simply providing certainty of contract (i.e. not repayable on demand) and increased funding linked to sales, not the historic financial performance, will be a big plus to many businesses.
  • How much does Invoice Finance cost?
    We charge an ongoing service fee for the management of your ledger, and a discount fee (like an interest rate) for the cash we advance. Our fees are always competitively priced and totally transparent.
  • Do my customers need to know about my Invoice Finance facility?
    Yes, your customers will know about the facility.
  • What are the differences between invoice factoring and CHOCCs?
    There are many differences between factoring and CHOCCs, but the main difference is credit control. You get credit control services included as part of invoice factoring Invoice Factoring, as well as providing cash in exchange for invoices, also provides your business with a credit control function; in essence we load your sales ledger and customers onto our system in order to ‘mirror’ your own records. Our experienced and professional team consequently take the responsibility for securing the payments from your valuable customers, giving you the peace of mind that your customers are being dealt with by an industry-leading credit control team. We send statements and Remittance Advices each month and can tailor a chasing letter cycle to your requirements – in the age of ever-increasing costs of postage, this can be a valuable cost saving to your business. CHOCS is similar to invoice factoring as we again send letters and statements; however the primary telephone communication with your customers continues to lie with yourself. The acronym stands for Client Handles Own Credit Control.
  • What's the process?
    The process normally goes as follows: Once an enquiry has been logged either online or directly with a member of our team, the prospect will get a phone call within 24 hours to discuss their funding requirements and see whether our facilities would be able to help the prospect’s company. A member of our new business team will then look to arrange a meeting in person to have an in-depth chat and really find out what it is that makes the business tick. They’ll find out about the people behind the company and the product/service on offer. Our auditing team will look at the sales ledger, the nature and credit worthiness of the customer base, the supporting documents behind the creation of the invoice, the cashflow of your company and, to a lesser extent, its financial performance. If the prospect is deemed suitable for invoice finance, an offer will be drawn up with details of the type and size of the facility offered, plus charges and terms. If you’re happy with the offer, we’ll put the facility in place as soon as all documents are signed and returned!
  • Why choose Regency Factors?
    For our expertise and personal service. We don’t take a one size fits all approach to our financial solutions. Your finance will be tailored to your business with the support of a dedicated Relationship Manager.
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