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Incubator Block Discounting

Rivers’ incubator block discounting service is designed to support small, new and existing lenders.

There has been a long-standing vacuum in the market when it comes to the availability of small to medium scale block finance facilities. If you're a relative newcomer to the lending sector or are a smaller but yet established niche lender, this may have hindered your progress in creating or scaling up your portfolio. Rivers’ block discounting services are specifically tailored to fill that gap.

We help lenders who have previously been unable to find the support they need to access additional liquidity in order to grow their businesses. The ultimate objective is for those businesses to grow large enough to eventually access funding lines from larger, more traditional block providers.

The basic parameters of our incubator block discounting service include:

  • Initial funding lines of up to £250,000.
  • Lines are available as standalone new facilities and, in some cases, as a top-up facility where other lenders are already in place.
  • Lines available subject to appropriate due diligence in line with our normal high standards.
  • We are not sector specific so we are able to lend into regulated (consumer) and non-regulated (B2B) sectors.
  • We lend across the whole of the UK.

What is block discounting?

Block discounting is a finance product that we operate to support small and new lenders, who can access funding secured against blocks of agreements. It allows new and established independent lenders to access sufficient funding to grow their book in a controlled manner.

How does it work?

  • As your capital is already tied up in existing loan agreements, you may need to access external funding in order to achieve growth.
  • Block discounting releases cash against blocks of agreements at a discounted rate.
  • This allows you to then reinvest in new agreements to maintain cash flow and develop your book.

Who is our incubator block discounting service for?

  • Rivers’ block discounting service has been designed to support small existing lenders in the market, and to incubate young businesses so they can eventually access funds from larger block providers.
  • It is well suited to manufacturers and distributors seeking to create an in-house point of sale funding option for their customers.
  • It’s also a positive solution for credit brokers who have an appetite to become a lender in their own right.

Benefits of Rivers’ block discounting service

  • Rivers’ block discounting service is almost unique in the market.
  • It allows you to access smaller funding facilities of up to £250,000.
  • It can be accessed as a standalone loan or (subject to review) as a top-up facility.
  • It’s specifically designed with small lenders in mind.
  • Potential customers can speak to our decision makers.
  • Short lines of communication mean we can, and do, act quickly.
  • We are not sector specific so we are able to lend into regulated (consumer) and non-regulated (B2B) sectors.
  • We lend across the whole of the UK.

Talk to the team

If you would like to find out more about our incubator block discounting service, contact our relationship management team, who will be happy to assist, on 0208 424 8262.

CONTACT US
Rivers Leasing plc

Amba House, 15 College Road, Harrow, HAI IBA

Telephone: 0208 424 8262

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Registered in England. Company number: 07376100.

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