Go-Factor Business Finance Ltd
Go-Factor Business Finance is a Commercial Brokerage specialising in helping SMEs with poor cash flow by providing bespoke funding solutions.
We understand that it’s not easy for SMEs to access funding from traditional lenders, which can be frustrating and demotivating. We take time to get to know our clients personally to understand their business and funding requirements, and we are committed to providing the best funding.
Despite being a small Brokerage, we have excelled in helping businesses in all sectors and locations across the UK. We’ve helped countless clients improve their cash flow and stay afloat during tough times.
We are passionate about helping clients, evidenced by the feedback and recommendations we receive from satisfied customers.
We work with a vast panel of handpicked funders and provide a complete range of funding solutions. We’ve been recognised for our commitment to securing the best funding solutions for our clients, having been successfully shortlisted as Invoice Finance Broker of the Year in 2020, 2021 and again in 2022 and awarded Highly Commended as Cash Flow Broker of the Year in 2021.
Go-Factor Business Finance are friendly and approachable and commit to remaining by our clients’ side throughout the funding journey and beyond.
We enjoy our discussions with our clients and offer funding solutions utilising a range of services...
Invoice Finance
What is Invoice Finance?
With business loans being more difficult for small businesses to secure, Invoice Finance can quickly give your business the boost it needs to evolve and achieve its full potential.
We provide transparent, flexible finance solutions tailored to meet the changing needs of your growing business.
Don’t let a lack of available funding limit your business potential.
• We offer a comprehensive range of flexible funding solutions that we tailor around your business needs, working to your timescales.
• We understand that reducing cash flow demands and costs can transform your ambitions into reality.
• We work quickly and effectively when you need us most so you have peace of mind to focus on growing your business.
• Depending upon your industry, we can help you access to up to 100% of your total invoice value, often in just 24 hours.
• At Go-Factor, we want your business to succeed, so our chosen partners work hard on our behalf to support you.
• Our providers are hand-picked and the best in the UK. They are actively looking to provide bespoke solutions that are simple and quick to set up.
• You must click through Go-Factor Find your Funding to access the best deal.
With business loans being more difficult for small businesses to secure, Invoice Finance can quickly give your business the boost it needs to evolve and achieve its full potential.
We provide transparent, flexible finance solutions tailored to meet the changing needs of your growing business.
Will you qualify?
You are a business that sells to other businesses.
You turnover more than £50,000 per annum or you are a new start business.
You invoice your customers on credit terms.
Invoice Discounting
What is Invoice Discounting?
Invoice Discounting accelerates your cash flow by enabling you to quickly access cash tied up in invoices, so you don’t need to wait for your customers to pay. It’s simple and quick to implement, and you receive cash soon after issuing the invoice. With your diminished cash flow pressures, this can reduce finance costs leaving you free to explore well-earned expansion plans to grow your business.
Benefits of Invoice Discounting:
• Control – Your credit control maintains its function.
• Speed – Swift access. Unlock up to 100% of the funds in your invoices so you don’t have to wait to be paid.
• Privacy – Our confidential service means your customers are unaware you are using Invoice Discounting.
• Convenience – Management systems are available, so you can always check your funding.
• Peace of Mind – Bad Debt Protection can help protect you against customer insolvency.
• Competitively Priced – can help to reduce finance costs.
Will you qualify?
You are a business that sells to other businesses.
You turnover more than £50,000 per annum.
You invoice your customers on credit terms
You have your own credit control resources in place.
Single and Selective Invoice Finance
Single Invoice Finance (Spot Finance)
If you don’t want to use invoice finance regularly, we have the solution for you – Single Invoice Finance.
Single Invoice Finance (also known as Spot Finance) can be used to help your business grow. You can fund invoices from as little as £500. This may be the way forward for your business with no lengthy contracts or monthly minimum charges.
We help you set up an online funding facility for your business; you can use this as often or as little as you require. You have complete flexibility.
It’s a simple pay-as-you-go system, and you choose the invoices you want to fund. All costs are visible before you commit, and no long-term contracts exist. Unlike other invoice finance options, there are no monthly minimum fees or additional charges, so you are in control. What’s more, same-day payments pass through at no cost, and you can receive up to 85% advance rates or up to 70% advance rates on construction or contractual sectors.
You get an online portal that interacts with your accounts package and a dedicated account manager to help with any queries. Our approach is perfect for SMEs from all sectors.
Go-Factor helps fund businesses from start up’s to corner shops. We support business growth, ensuring overheads are kept to a minimum. Contact us for a no-obligation quote.
The benefits
Simple Pay as you Go system
No monthly minimum charges
Complete Flexibility
On-Line Portal
No Obligation
Trade & Export Finance
TRADE & EXPORT FINANCE SPECIALISTS
We are trade finance specialists in the UK with experience in over 60 foreign currencies and an understanding of the complexities of working with VAT, Duty, and Freight; we’re here to help you quickly. Working closely with our funding partners, we can provide letters of credit within 24 hours to supplier banks and ensure your suppliers are paid on the same day goods are shipped.
If you want to broaden your marketplace, export finance may be the solution. British goods are in demand worldwide, and we can help you navigate the funding journey to ensure a smooth cash flow!
Forward Finance is ideal for smaller businesses with a turnover of less than £300,000. There are no long-term contracts or set-up fees, and this funding solution can be used if you have clients who put you on lengthy contracts or don’t pay you on time.
Contact us today so we can learn more about your funding requirements.
Bad Debt Protection
Bad Debt Protection & Trade Credit Insurance
In unpredictable times a Trade Credit Insurance policy will give you the confidence to trade securely and provide the market intelligence to help grow your business to its full potential. Detailed Risk Management information allows you to take an informed approach to dealing with new and existing customers. Should the worst happen, your insured receivables are protected against loss. Go-Factor partner with only the very best to ensure our clients are protected.
As a business owner, you have worked hard to build your business and you will understand the need to protect your buildings and contents. At Go-Factor our select insurance partners will provide you with the comprehensive cover you need.
We have the expertise and experience necessary to advise on a complete range of insurance types. We can also advise you on:
• Business continuity planning
• Health & Safety
• Risk Management
As a valued Go-Factor client you will have regular contact with superior claims support who will assist you every step of the way through the claim process.
To benefit from our competitive negotiated rates for trade credit or commercial and business insurances, Request a Quote now.
Recovery Loan Scheme Funding
Recovery Loan Scheme
The Recovery Loan Scheme supports small and medium-sized businesses to access the finance they need to grow and invest. Finance can be used for any legitimate business purpose, including working capital or investment.
The scheme makes available:
up to £2 million per business group
up to £1 million for business groups in the scope of the Northern Ireland Protocol
The actual amount and terms offered are at the discretion of participating lenders.
The government guarantees 70% of the finance to the lender. As the borrower, you are always 100% liable for the debt.
Lenders should only offer finance through the Recovery Loan Scheme if they can offer a facility on better terms with the guarantee.
Eligibility
You may be eligible for a loan through the Recovery Loan Scheme if your business:
• is trading in the UK
• has a turnover of £45 million or less
You need to show that your business:
• is viable
• is not in difficulty
Businesses that received support under the earlier COVID-19 loan guarantee schemes and earlier phases of the Recovery Loan Scheme are eligible to access finance under this scheme if they meet all other eligibility criteria.
There is no requirement to have been impacted by COVID-19.
What funding is available
• term loans or overdrafts of between £25,001 and £2 million per business group
• term loans or overdrafts of between £25,001 and £1 million for businesses in the scope of the Northern Ireland Protocol
• invoice or asset finance of between £1,000 and £2 million per business group
• invoice or asset finance of between £1,000 and £1 million for businesses in the scope of the Northern Ireland Protocol
Lenders may take personal guarantees for facilities of all sizes. A borrower’s principal private residence cannot be taken as security.
How long is the facility for
The maximum length of the facility depends on the type of finance you apply for and will be:
• up to 6 years for loans and asset finance facilities
• up to 3 years for overdrafts and invoice finance facilities
Subsidy
Facilities provided through the Recovery Loan Scheme are financial help that gives an advantage to the business that receives them.
RLS facilities provided to businesses not in scope of the Northern Protocol are permitted as Small Amounts of Financial Assistance under Article 365(3) of the EU-UK Trade and Cooperation Agreement.
RLS facilities provided to businesses in scope of the Northern Ireland Protocol are subject to the De Minimis Regulation. The De Minimis Regulation sets a threshold for State aid that can be provided to businesses, below which there is no need to seek European Commission approval.
In both instances, a maximum amount can be paid to a single undertaking over a 3 fiscal year period. If you have received eligible subsidies, the maximum you can access through the Recovery Loan Scheme may be lower than the maximum amounts listed above.
If you accessed facilities through the Coronavirus Business Interruption Loan Scheme, the Coronavirus Large Business Interruption Loan Scheme, or the versions of the Recovery Loan Scheme that ran from 6 April 2021 to 30 June 2022, this will not count toward your cumulative aid allowance when calculating the maximum amount you can access through the Recovery Loan Scheme.
If you took out a Bounce Back Loan, it may count towards your cumulative aid allowance when calculating the maximum amount you can access – you will have been informed by your Bounce Bank Loan Scheme lender at the time if your Bounce Back Loan was provided under the De Minimis Regulation.
The Recovery Loan Scheme ran from 6 April 2021 until 30 June 2022. The changes to the scheme do not apply to existing facilities offered between these dates.
We can assist with the Recovery Loan Scheme – call us today!
Commercial Mortgages
Commercial Mortgages for all types of Business
Need a commercial mortgage? You have come to the right place. Our panel of experts will work with you to find the most competitive mortgage that suits your needs.
We work with owner-occupiers and investors alike and provide access to a variety of mortgages and lenders from our extensive panel. We operate a system which encourages lenders to competitively tender for mortgage applications which ultimately means better rates and terms for you. We also provide access to SIPP and SSAS pension mortgages.
Mortgage deals are designed around your needs.
We can arrange the most competitive commercial mortgages for any property type including:
• Residential investment property
• House of multiple occupation (HMO’s)
• Retail and Commercial units
• Offices
• Warehouses
• Professional practice premises
• Hotels and licensed premises
• Care homes
• Semi-commercial premises with living accommodation above
• Land & agricultural
• Auction Properties
Refinance Your Commercial Property
If you own property for business or investment purposes and need to raise funds, our panel can advise on re-mortgage options, releasing funds quickly and efficiently.
Unlike residential mortgages, commercial loans can be used for a variety of purposes, including purchasing additional business premises, expanding your business, debt consolidation, cash flow and property development.
All lenders will consider a number of factors such as the security available, financial accounts, clients experience and credit history.
We will guide you through this journey to ensure you get the most appropriate solution for your business.
Click Request A Call Back Today and we look forward to speaking with you.
Our range of Mortgages
Repayment and Interest-only
Short and long-term repayment programmes
Fixed and variable rates
Up to 80% funding available on an individual property and up to 100% funding with additional security provided
Arrangement fees added to loan
Short term VAT loans available to avoid you having to fund the VAT on a property purchase from your business cash flow
Fast Response – Same Day Discussions
Development Finance
Nothing found.
Go-Factor is a Commercial Brokerage offering funding solutions to SME’s in all sectors and locations across the UK. We have been recognised for our hard work in securing our clients the very best rates.
Primary Location
UK
Helen Boylett-Smith
www.go-factor.co.uk
I was recommended to Go Factor by an old colleague.Go Factor surpassed all my expectations of a broker. In particular Helen Boylett Smith’s passion for business, knowledge & customer services are just outstanding. Helen fully understood our needs and lined up three potential providers, all of whom I would have committed to! The choice of the provider simply came down to the best commercial deal on the table.
I would not hesitate to whole heartedly recommend Go Factor to any business looking for Commercial finance. They really do go the extra mile.
Matthew Browne
CEO