The wholesale team provides a range of facilities for independent finance companies to fund their activities. Our main facility, 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 the contracts. This is repaid at a fixed price over a similar period to the underlying contracts.
The principal lender, under a master agreement, sells the rights of underlying contracts 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 over 18 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 again by way of block discounting but also structured loans and syndicated facilities.
If you are interested in setting up a block discounting facility or would simply like to learn more about the process, please telephone or email us. With Shawbrook you will find a trusted partner dedicated to growing your business.