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Supply Chain Finance FAQs

Customer requirements

You qualify if you have 3+ years trading history and meet some basic financial criteria.

Contact us on [email protected]. A business manager will contact you right away to discuss your suitability for the facility and explain the process in more detail.

Product questions

Beacon provides supply chain finance which clients can use to draw down funds to pay to their suppliers as and when they want. You are only charged for the facility when you use it.

Once you have an approved facility in place, you can send us a supplier invoice you want paid, and Beacon will pay your supplier and provide you with credit terms of up to 120 days.

The facility can be used to purchase inventory and/or raw materials, as well as defer associated Freight costs and Duty and VAT when you move the goods with Beacon.

You can pay as many suppliers as you like within your approved credit limit.

Currently, the facility is only available to companies registered in the UK (England, Scotland, Wales, and Northern Ireland). The product will be offered in other countries soon.

Currently, you can use the facility to pay your suppliers in 67 countries in 14 major currencies.

You can access credit terms of up to 120 days from the date of payment to your supplier.

No, the facility does not require you to present an invoice issued to your clients like invoice discounting and factoring before you can access finance. All you need to do is provide us with an invoice that your supplier has issued to you and we will pay that invoice at your instruction.

For qualifying clients, a facility can be approved and available within 7 working days, sometimes sooner.

We currently don’t offer other finance products, however we will introduce new products in the coming months.

We have an attractive commission scheme for referrals, payable once a facility has been approved and used by the client. Please contact [email protected] for more information about our referral program.

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