Stock Finance
Advantages
You can release value from existing stock to improve your cashflow or fudning position
Can help fund against different stock categories that you own in a revolving facility while you retain ownership of the stock
Ideal for motor stocking, allowing you to keep a fully stocked forecourt
Things to Consider
The funds can only be used for one specific purpose in relation to the stock
How do I obtain Stock Finance and how long does it take?
High street banks were once the more common route, but increasingly SMEs are turning to alternative finance providers for their funding requirements, including Stock Finance. Griffiths Commercial Finance work with both the banks, and the alternative lenders, giving you the best chance of obtaining the right funding for your business. Applying through GCF is quick and easy, the first stage is to click the apply button on our website and follow the option for Stock Finance. You will then be required to send over a few documents, at which stage the lender will underwrite the application, typically within a day or two, and provide the terms of their offer upon approval. From this stage, funding can be obtained within a couple of days.
How does it work and how much will it cost?
Rates can vary massively depending on factors such as the length of time the company has been trading, the credit rating of the business, and the sector of the business. Once you have filled in an application form we will be able to provide you a rough idea of the rates of suitable lenders.
What are my other options?
If you are not sure that stock finance is right for your business, there are many other options to explore. If you require further advice, feel free to contact us via email: info@griffithscf.co.uk