GRID Finance Flex is an innovative way to finance your business. Rather than a traditional “term loan” with our product GRID are purchasing your future sales (Receivables Purchase Agreement) to repay an “Advance” .

If you are selling to consumers (B2C) and using an online payment processor or physical card machines to sell your product or service such as AIBMS, Stripe, deliveroo, Shopify (to name but a few) GRID will set up a “Smart Settlement Account” where your payments will land and seamlessly repay your facility by a % of your sales. This means when you are quiet payments towards the facility reduce and will catch back up again when you get busier. You can always see all your live transactions on our cutting edge platform so you know where your funds are and can reconcile everything seamlessly. This works with the natural ebb and flow of your business and relieve pressure on your cashflow in quieter times. See here for more details

If you are selling to other businesses (B2B) and don’t have any payment processers you simply connect your Current account through Open Banking and GRID will take a Flexible direct debit every day based on your 5 day rolling average of turnover. Again this provides you with the flexibility on payments based on your sales volumes. You can see on your platform account all transactions and the coming 2 days repayments. See here for more details

Once your facility is mostly repaid or at a level determined by GRID on your Offer letter , you can seek another facility and GRID will reassess how much is suitable for your business. As your business grows so can your facilities and provides an excellent source of repeatable working capital finance.