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WHAT IS STOCK FINANCE?
Stock finance is a way of raising additional finance against the stock owned by your business.
The lender will calculate a % of the net value of your stock that can be financed. This varies from business to business depending on numerous things such as; amount of finished goods/WIP/raw material, how sellable the goods are, number of staff and where the goods are stored.
HOW DO STOCK FINANCE WORK?
The lender will require a third party stock valuation to be carried out. Once the stock finance facility is agreed, you provide the lender with your monthly or weekly stock listing. The lender provides you with updated funding based upon the stock movement.
A stock finance is often (but not always) provided in conjunction with an invoice finance facility so that once the stock is delivered and invoiced, the invoice finance repays the stock finance
- Helps to fund your business is you are required to hold significant stock
- Confidential facility
- Can provide significant capital injection and ongoing working capital
- The funds generated can be used for any purpose