At Newable Commerce, we understand the unique challenges faced by UK SMEs, especially those involved in exporting. To support these businesses, we offer the Flexible Exporter Term Facility, a working capital term facility designed to provide the necessary financial boost for qualifying exporters.
What is the Flexible Exporter Term Facility?
The Flexible Exporter Term Facility is a working capital solution available to UK SMEs that meet specific criteria for qualifying exporters. This facility is ideal for businesses that require additional working capital for up to 12 months. It offers the flexibility to draw funds in single or multiple tranches, up to the approved facility limit, with each tranche having its own defined 12-month repayment period.
How It Works
Imagine your business has secured a significant overseas contract but requires additional working capital to fulfil the order. With the Flexible Exporter Term Facility, you can draw the necessary funds in one or more tranches, ensuring you have the capital when you need it. Each tranche comes with a 12-month repayment period, providing manageable repayment terms.
The facility’s competitive rates and flexible drawdown options make it an attractive solution for businesses looking to expand their export activities without the financial strain. Plus, the ability to redraw repaid capital ensures ongoing financial support as your business grows.
Key Features
- Facility Amount: From £26,000 to £500,000
- Term: Up to 12 months
- Security: Personal Guarantee from directors/shareholders (unrestricted) and a debenture incorporating fixed and floating charges over all assets
- Drawdown Flexibility: Single or multiple tranches available to draw over, each with its own 12-month repayment period, up to the approved facility limit
- Redraw Option: Ability to redraw repaid capital as many times as required during the duration of the facility
- Competitive Rates: 5% arrangement fee and interest rates starting from 1.5% per month, determined by the risk rating and fixed for the term of the facility
- Sector Restrictions : We support businesses operating in the majority of sectors
Benefits of the Flexible Exporter Term Facility
- Flexibility: Draw funds as needed, in single or multiple tranches, providing the flexibility to manage your cash flow effectively.
- Manageable Repayments: Each tranche has its own a 12-month repayment period, making it easier to plan and manage repayments.
- Competitive Rates: Benefit from competitive interest rates and a transparent fee structure.
- Redraw Option: The ability to redraw repaid capital ensures you have ongoing access to funds as your business needs evolve.
- Support for Exporters: Specifically designed to support UK SMEs involved in exporting, helping you seize new opportunities in the global market.
Eligibility Criteria
To qualify for the Flexible Exporter Term Facility, businesses must meet the following criteria:
- Be a UK registered SME
- Actively exporting or have received a new overseas order/contract
- Have a trading history of at least 2 years
- Be a limited company
How Newable Commerce Can Help
At Newable Commerce, we are committed to supporting the growth and success of UK SMEs. Our Flexible Exporter Term Facility is designed to provide the financial flexibility and support needed to seize new opportunities and drive business growth. With competitive rates, flexible terms, and a focus on exporters, we are here to help your business thrive in the global market.
Our team of experts is ready to assist you through the application process, ensuring you understand all aspects of the facility and how it can benefit your business. We provide personalised support to help you navigate the complexities of exporting and secure the working capital you need to succeed.
For more information or to apply for the Flexible Exporter Term Facility, email info@newablecommerce.com or complete this form.