A Revolving Credit Facility gives the borrower control be allowing to drawdown, repay, and drawdown again. Even better with Vane's RCF product, borrowers can choose to rollover a drawdown instead of repaying it. An RCF is a highly flexible financing tool due to these repayment and re-borrowing accommodations. While there are maturities set for each drawdown (e.g. 30 to 12 days) these can be extended (indefinitely) while there is sufficient receivables collateral to borrow against. By contrast, a term loan is much less flexible and usually has a fixed repayment schedule.
Unlike traditional invoice finance facilities, Vane's Receivables Finance solution is a Revolving Credit Facility. Borrowing isn't fixed to debtor payments (collections). Instead, a Vane borrower can choose when to repay a drawdown, so long as the borrowing balance is within the required collateral level. This gives more flexibility and control to the borrower.
Vane's Receivables Finance solution enables businesses to unlock capital from their digital receivables, i.e. earned revenues, whereas Revenue Based Finance enables businesses to unlock capital from future revenues.
Vane support businesses across the globe, including in USA, Canada, UK, Europe, Israel, Hong Kong, Singapore, and Australia.
Vane finances receivables billed from or governed by the laws of the USA, Canada, UK, Europe, Israel, Hong Kong, Singapore, or Australia.
Yes, in some cases some assets can be carved out of Vane's security, in order to accommodate other secured debt facilities.
Cost of finance is dependent on a range of factors, including: financial performance, location, revenue model, receivables, use of finance, and others.
In most cases, Vane does not require borrowers to redirect their customer payments from paying into their own bank account. Some exceptions apply.
Companies at any stage can use Vane, from start up all the way to global listed companies.
Vane provides finance to businesses across the digital economy. If your business operates a digital revenue model selling services that generate b2b receivables, your company should be suitable for a Vane finance solution. Note, for app developers who generate app store revenues and/or advertising, these would also be considered b2b receivables, even if the end customer is a consumer.
Getting started is simple, simply setup an account to submit financial information and connect your accounting software. Typically, Vane can review an application within 72 hours. Following any required clarification of information submitted, or collection of missing information, if approved a term sheet will be presented.
Vane provides secured financing, meaning security is required over assets of the business, especially receivables and cash. In some cases some assets can be carved out, in order to accommodate other secured debt facilities.
Vane never requires personal guarantees from borrowers.
Vane typically provides an initial credit limit above the current availability level, meaning there is headroom from the start. If availability increases above the credit limit, borrowers can request a higher credit limit.
Yes, a company can combine both a Receivables Finance and Revenue Based Finance facility, benefitting from the advantages of both types of solutions.
A business does not need to be profitable, in fact many Vane customers are still loss-making, typically if they have raised equity investment and are still early or growth stage.
Vane Finance Technology Limited is a company registered in England and Wales (Company No: 9446187) and is registered in the UK with the Financial Conduct Authority reference 09446187. Vane Finance Technology Inc. is registered in the State of Delaware and operates under a California Financing Law license. Our Headquarters is Vane GmbH (HBR 162057 B), registered in Berlin, Germany.
Copyright © 2021 Vane (Group). All Rights Reserved.