Why the partnership is ‘risk-free’
Our Invoice Finance partners use Trade Finance to extend their product offerings and grow their market share. And they do so without any concerns about added risk because by working with Convertibill®, we assume that risk. Below are examples of how this works in practice:
- Goods are ordered and your client’s business fails soon after, we will attempt to cancel the order and seek the supplier to repay us with no effect on you, the Invoice Finance provider
- Goods are ordered, your client’s business fails mid-transaction, we deliver and get permission from you to issue the invoice to the debtor so that the trade gets settled. This should not have any effect on your position with that, or any other, debtor
- Goods are delivered and invoiced, we’re already settled and your client’s business fails. As the Invoice Provider, you would deal with this case just like any other, as Credebt Exchange® is irrelevant at that point
- Goods are delivered and invoiced, we’re already settled and then a credit note is issued. As the Invoice Finance provider, you are entitled to ask your client to ‘make good’ on that credit note and, if not, we’ll share the loss 50/50
If you would like to enquire how your company can use our Trade Finance, use the form opposite to enquire, or book a meeting and let’s have a discussion on how we can work together.
Make a Partnership Enquiry now
Quick & simple ‘Yes/No’ style response
Let’s work together & support our clients |
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| Appointment: | Book online now |
| Email: | finance@convertibill.com |
| Telephone: |
0844 774-7822 (United Kingdom) 01 685-3672 (Ireland) |
What we don’t do:
Not suited to mortgage related business or medium to long-term property deals.
What Convertibill® does:
Use client’s trade book to:- Pay suppliers enabling transport savings and bulk discounts
- Win bigger customer orders by proving financial backing is in place to fulfil larger orders
- Free up capital efficiently from cash tied up in supplier payments and ‘goods in transit’
Key aspects:
- Minimum finance requirement should be GBP 25.0k every 30 days or GBP 0.4m per annum
- No liens, personal guarantees, lock-in periods or credebt® limits apply
- Selective supplier finance and no requirement to trade all suppliers/orders