PROXY REVOLVING BUSINESS LINE OF CREDIT
Proxy Line of Credit is an easy, fast and flexible finance solution that acts like a bank overdraft. Once approved you only need to drawdown cash when you need it. Except unlike a bank overdraft you won’t need to provide your family home as security. It will turn what you are owed into cash within 24 hours.
Allows you to buy and hire today without waiting until tomorrow
HOW IT WORKS
80% of the value invoices you have raised is made available within 24 hours.
You choose which invoices you want to get paid for sooner.
Do it for 1 invoice or multiple invoices at once.
Your customers will not be informed or made aware you are doing it.
- Acts like a bank overdraft by allowing you to only draw down cash when you need it.
- No requirement for real estate security
- Facility limits grow in line with business revenues, so there is no requirement for regular renegotiation during period of expansion.
- When your customers pay your invoices your outstanding balance will be reduced.
- Only pay interest on your outstanding balance.
HOW CAN I USE THE FUNDS?
- Manage unexpected expenses
- Take advantage of growth opportunities
- Get a limit approved just for emergencies to give you peace of mind
- Cash to launch a new project/marketing campaign
DO I QUALIFY?
Your businesses must supply goods and services to other businesses on standard credit terms.
- Connect your accounting app and receive an obligation free finance offer
- Drawdown and have funds in your account within 24 hours of approval
- No paperwork everything is synced with your accounting app in real time