This 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 or drop us an email enquiry for further details.