multifi can be used alongside existing credit. With 120 days of credit, you can make fast payments to UK and international suppliers and benefit from highly competitive FX rates.
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Learn how our business finance has empowered wholesale businesses like yours.
Reviews of the software
Manufacturers need sufficient working capital to cover overhead, inventory, production costs, etc. Yet, direct investment is also needed to expand capacity, upgrade machinery, and drive growth.
Managing cashflow and securing capital can be a constant challenge in manufacturing. An experienced financing partner understands these funding needs and constraints.
multifi gives manufacturers easy access to business finance tailored to the manufacturing sector. We help a range of companies including wood, furniture, paper, textiles and clothing manufacturers optimise their finances.
We offer a range of financing options tailored for the manufacturing sector to help you achieve your goals:
Fund new machinery, tooling, and other capex investments
Add capital to cashflow tied up in raw materials and finished goods
Access credit to fulfil customer orders
Cover operating expenses and short-term needs
There are no set-up costs. You pay a monthly fee of 0.3% of your credit limit, and an interest fee of 1.99% per 30 days on used credit.
For example:
Credit limit: £50,000 = monthly fee £150
Credit used: £30,000 = £597 interest per 30 days
Total cost: £747 per month
Customers then have 120 days to make repayments, and credit is revolving.
multifi provides unsecured credit based on business performance. This enables a faff-free approval process. We may require a personal guarantee to ensure our commitments are aligned to secure your business finance.
There are no up-front fees to use the platform and access business finance. Customers pay a monthly fee of 0.3% of their credit limit for a minimum of 12 months plus an interest rate of 1.99% on used credit.
Borrow, repay, and borrow again up to your credit limit without needing to reapply each time for business finance.
Minimum criteria include: