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   Glossary


 
This glossary aims to cover the main terms and jargon that come with business finance. Of course, if it isn't included here, please contact us if with any other term we can help make clear.


Asset
A tangible item you need for your business, such as a van, some machinery or IT.

Asset Finance
A finance solution that is individually tailored to help you get the assets you need now. This helps keep your cash free for working capital and growing your business.

Factoring
A Invoice finance solution where we pay you up to 95% of your invoices, almost as soon as you raise them. Your debtors then pay their remittance to us, and we forward the balance, less our charges, to you. 

Finance Lease
If you want to realise some of the value of an asset, a Finance Lease may suit you perfectly. At the end of the term, you also enjoy the freedom to buy, sell or continue leasing the asset.

Hire Purchase (also known as ‘lease purchase’)
This solution is ideal if you’d like to own the asset at the end of the agreement – but don’t want to tie up your capital by buying it now.  

Invoice Discounting
Like Factoring (above), but with the added confidentiality that your customers do not know of our involvement.

Operating Lease
A lease that provides the asset you need now, while Barclays takes the risk of it losing value or becoming obsolete.

Invoice Finance
A finance solution, such as Factoring or Invoice Discounting, that turns your invoices into cash without you having to wait for your customers to pay them. Invoice Finance can also release the value of stock you may hold.

Technology Lease
Purpose-designed to finance computing, telecoms and even entire IT infrastructures, a Technology Lease can deliver savings of up to 15%.
     

    

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