Block discounting is a means of releasing capital invested in finance agreements, in the form of a discounted advance raised against the pre-agreed value of that of the contracts. This is repaid at a fixed price over a period similar to the underlying contracts. The block discounting team provides a range of facilities for independent finance companies to fund their activities.
The principal lender sells the rights of the underlying contracts under a master agreement on a completely undisclosed basis and continues to "bill and collect" customer rentals in the normal way.
We are highly experienced lenders to independent finance companies, with many years' experience in the industry. Our customers include small to mid-size finance companies funding a wide range of assets to both consumers and corporate clients. Facilities are also provided for secured loan and unsecured loan receivables.
If you are interested in setting up a block discounting facility or would simply like to learn more about the service available, please contact Paul Tagg, Director of Block Discounting on 0345 604 0978.