If you have a long-term stream of contractual income such as rent from property or machinery, then you may be able to borrow an advance against this future income through block discounting.

In some businesses the main asset is stock rather than debtors. Experienced dealers in machinery who can demonstrate a successful track record in spotting and converting opportunities at a good margin can obtain specialist revolving dealer finance credit facilities of up to £2.5m to fund purchases of stock for resale.

Trade finance houses act to provide cash to finance a particular transaction that you have set up and are typically used to fund the importation of goods from overseas for resale here where these are largely presold to customers.

Some trade finance houses have also set up arrangements so as to be able to fund construction contracts. These arrangements typically require the funder to be written into the contractual arrangements between the client or main contractor and the company undertaking the work. For this reason they can therefore only be set up at the start of the contract.

There also alternative services that you may qualify for such as unsecured loans to cover up to two months worth of gross wages.

For advice on any of these alternative services please contact us.