A block discounting facility allows the client to market and operate their own finance scheme, bankrolled by the funder.
The client signs up finance agreements with their customers, typically on medium term contacts, and collects the regular receivable income directly.
A block discounting agreement signed between the client and the funder dictates how the relationship is conducted. In short, the finance agreements are sold to the funder for a pre-agreed sum. The client agrees to either indemnify the funder should any agreements fail or replace these agreements with a further agreement.
If you think that block discounting may benefit your business, please call us on 01928 739 712 or send an enquiry for further details.
We are an asset finance company that offers both personal service, an excellent rates of finance. Call today on 01928 739 712 to see how we can help your business, or send an enquiry.
Other finance services include: