The following assumptions have been made for the calculation of the above figures:
- Upfront financing percentage: 80%
- Charges:
- Interest charge: Fixed 6% annualized interest on the financed amount.
- Commission: 1% of the invoice amount.
Interest is calculated on 360 day per annum basis and is paid at maturity of the invoice or credit period. All charges are subject to VAT which currently stands at 24%. The upfront financing percentage is calculated on the total gross value of each invoice (including VAT) and the financed amount is paid into your accountnet of any Flexfin upfront charges. The above assumptions can be altered at any time without prior notice.
The information provided through the above tool is based on data you have chosen to provide, is strictly indicative, and does not constitute a proposal or offer by Flexfin. Flexfin does not guarantee the above information and is not responsible for any loss that may occur or is based on calculations from the use of the above tool. Invoice financing against your debtors is subject to a successful financing application of your company and will be assessed in the context of Flexfin’s credit policy as in force. For the evaluation and accurate pricing of Flexfin’s services and particularly financing cost, a number of factors are taken into account including indicatively but not limited to the business sector, your company’s financial statements, your debtors’ quality, the duration of your business relationship, the amount and duration of each individual financed invoice etc. For additional information please contact Flexfin through one of the methods you will find on our website.
