Anyone know current rates for Invoice Discounting?

[flyingjase]

Does anyone know of any current deals from invoice discounters, say 80% prepayment with a £4million line, current turn days 35 with a strong public sector client base.

Interested in understanding what you may pay in % for service charge & % over base (or Libor) for interest charge

Thanks

Jason

[BigAlinEmbra]

Could do better, all public sector invoices are meant to be paid in 30 days!
And prepayments tends to be against their SFIs btw.

[wattsm666]

Not public sector clients but have recently seen:

0.24 - 0.3% turnover fee, including debtor insurance
2 - 2.5% over base

HTH

[flyingjase]

wattsm666 said:

Not public sector clients but have recently seen:

0.24 - 0.3% turnover fee, including debtor insurance
2 - 2.5% over base

HTH

Thanks for that