What are we offering?
For new Invoice Finance facilities taken out between 1st January and the 31st March, the following will be available:
- No arrangement fee at the outset.
And for the first 3 months;
- No Minimum* service fee.
- 0% Discount Margin over base rate.
- No same day payment charge.
*Service fee % still applies. Facilities are subject to a 12 month contract.
Why are we running this campaign?
To evidence our commitment to support UK trading businesses with their working capital requirements, therefore supporting the overall goal of growing their business.
Companies do not need to have their day-to-day banking with us, therefore, please contact myself or Michael if any of the EMN Membership are thinking of invoice finance for cash flow solutions or if they wish to review existing arrangements with third party providers. It could be Members have held facilities with the same provider for several years and wish to benchmark the facilities or review what is available to them.
Summary
Please could I ask you to promote this within the EMN Membership and update the website (Lloyds Affiliates Section with this offer of support).