Three tools for working out whether a facility makes sense before you apply for it. Nothing here asks for your contact details, and nothing here is an offer. SMEBox does not lend and does not set rates.
The rate you enter is the rate you have been quoted, or one you want to test. We have not pre-filled a market rate anywhere, because a figure sitting in a box on an adviser’s website reads as a rate on offer, and we are not the ones offering it.
Enter the rate a bank has quoted you, or one you want to test. SMEBox does not lend and does not set rates, so there is nothing pre-filled here.
Banks size SME lending against the cash the business generates, not against what you would like to borrow. This is the ratio they work to.
Invoice finance is priced over a short period, so a rate that reads as small monthly can be substantial once annualised. This shows both.
None of these calculators can tell you whether a bank will approve you. That depends on your trading history, your bank conduct, your existing commitments, your sector and the bank’s own appetite this quarter, none of which is arithmetic. If you want a read on that, the eligibility self-check asks seven questions and gives you a plain answer, still without asking who you are.
If the repayment looks affordable but the coverage ratio does not, or the invoice finance cost is higher annualised than you expected, those are exactly the conversations worth having before you apply rather than after.