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Tiffin Revolving Credit Agreement Form

Tiffin Revolving Credit Agreement Form

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Instructions and help about Tiffin Revolving Credit Agreement

Is your turnover above £1,000,000? Have  you considered a Revolving Credit Facility?   In this video we're going to look at how  revolving credit facilities can boost your   cash flow and accelerate your growth. So what is  a revolving credit facility and how does it work?   Like a traditional bank overdraft you get  access to an agreed funding limit. You pay   a monthly service fee to have the facility  in place and you pay daily interest on the   funds in use. Although the funding limit  is based on your outstanding trade debtors,   unlike Invoice Finance there's no monthly  reconciliation of accounts, there's no uploading   of invoices and there's no need for a personal  guarantee. Funders typically offer this type   of facility to businesses with a turnover above  £1,000,000. Let's have a look at two examples:   Option 1. The funder provides a credit line  based on 50% of your outstanding trade debtors.   This

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