Offering your customers an attractive alternative to paying with cash is a powerful way to unlock the true sales potential of your organisation. Turning a large upfront outlay into small, regular payments makes it easy for your customers to say ‘yes’.
In fact, research shows that typically a B2B customer spends 30% more when able to spread the cost by choosing a finance option rather than using capital. With payments received in full, usually with 72 hours of the finance being made live, you will give a significant boost to your cashflow and eliminate any debt risk.
All sounds great, sure, but how would a partnership with Bluestone work?
At Bluestone we put our customers at the heart of everything we do, and if your organisation has the same approach, this could be the start of a beautiful - and mutually beneficial - partnership.
It does not matter how long you've been operating, if your organisation operates B2B and you want to start offering your customers finance, all you need to do is register on our Bluestone Portal.
Once your account is set up you can get started straight away; whether you're looking for a quick, no-obligation finance quote for a customer or you are ready to apply, you can do it all from your dashboard on the Bluestone Portal where you'll benefit from:
Submit finance applications for your customers quickly and easily, track their progress, and see when finance has been approved.
Your dedicated account manager will be in touch soon after you register to answer any questions you might have and to provide ongoing support as you offer finance to your customers. You can also contact your account manager directly from the dashboard. Click here to find out which of our account managers covers your region.
We know that neither you nor your customers have time to wait around, which is why we aim to get your customer a decision on their application as quickly as possible. In some cases, the decision could be instant.
Once your customer's finance application has been approved and all documents submitted, you will typically receive full payment from the lender within one working day.
We can provide you with a simple calculator that you can use to work out how much your customer's finance repayments would be so that you can include a finance option on your quotes.
Our finance experts offer training to ensure that your team understands the benefits of finance and how to present the offer to your customers in the most effective way.
For your website, trade shows, events or special campaigns we can help you produce bespoke collateral to promote your services. We also offer an extensive suite of sector/product specific digital and printed content which, in requested, can be co-branded.
We can provide detailed data about all aspects of your partnership with Bluestone including information on introductions, conversion rates and your team's sales performance.
We can work with your accounts team often converting ‘sticky’ debt into cash; it’s a great way to improve cash flow.
For our long-standing partners, we offer our Bluestone Rewards scheme including a prepaid VISA card with a host of added benefits.
Repayments will vary depending on the lender and the type of financing you choose. Generally, repayments have fixed repayment terms and interest rates, whilst others have a variable interest rate based on the time it takes for invoices to be paid.
The application process can take a few days to a few weeks, depending on the lender and information required. It typically involves submitting documentation, completing an application form, and meeting with the lender.
The application process for asset finance typically involves completing an application form, providing relevant documentation, such as financial statements, and undergoing a credit assessment. We aim to make the application process as streamlined as possible.
Lenders typically require proof of cash flow and revenue, credit score, and financial history. Documentation may include financial statements, tax returns, and business plans.
The eligibility requirements for asset financing will vary depending on the lender and the type of financing you choose. Generally, lenders will look at your credit score, revenue, and financial history to determine your eligibility. Some lenders may also require collateral or a personal guarantee.
Asset finance provides you with access to the equipment and resources needed to provide quality care without having to make a large upfront investment. This can free up cash flow that will allow your organisation to focus on its objective of providing care to patients.
Healthcare providers can finance a wide range of assets, including medical equipment, office equipment, vehicles, and healthcare real estate. The specific assets that can be financed will depend on the lender and the type of financing you choose.
A cashflow loan is a type of financing that helps businesses manage short-term cash needs based on projected cash flow, rather than collateral or assets.
As a healthcare provider, you'll have access to equipment leasing and loans, vehicle financing, and even commercial real estate amongst other solutions. Each option has its own benefits and drawbacks, and the best option for your healthcare business will depend on your specific financial needs.
The timeline for securing asset finance can vary depending on the complexity of the financing arrangement and the specific requirements of the borrower. However, we work closely with our clients throughout the process to ensure that their financing needs are met in a timely and efficient manner. Key steps in the asset finance process typically include loan sourcing, loan structuring, loan negotiation, and loan closing.
Invoice finance is a type of financing that allows organisations to receive an advance payment on outstanding invoices. This type of financing is often used by organisations that are waiting for payment from customers, and it helps to improve their cash flow and reduce the wait time for payment. Invoice finance typically involves the organisation selling its outstanding invoices to a finance provider in exchange for an advance payment, which is typically a percentage of the invoice value. The finance provider then collects payment from the customer and the organisation repays the loan, plus fees and interest, when the customer pays the invoice.
Bluestone is able to offer finance for a wide range of assets, including but not limited to vehicles, agricultural equipment, machinery, and commercial properties.
Yes, there are some assets that may not be eligible for leasing, such as intangible assets such as patents or trademarks. This is because these assets cannot physically be used or sold by the lender as collateral.
Asset finance is a type of financing that allows organisations to acquire assets, such as equipment, vehicles, or property, without having to pay the full upfront cost. Our asset finance services provide a range of options to meet the specific needs of your business, including leasing, hire purchase, and loan financing.
First things first, you need to have a signed trading agreement with us, check with your account manager to make sure your business has one in place.
The first time you earn rewards you will be sent an email asking you to register for your card. Follow the instructions but please make sure that the email address you use is your business email and the address is your home address otherwise your application may be rejected. Typically, your card will be posted out to your home address within 5-10 days. You will need to activate your card, instructions on how to do this will be sent with your card.
The card is a pre-paid Visa card and is reloadable so, every time you earn more rewards, your rewards will be uploaded to your card, monthly in arrears. We will notify you when your card is loaded but you can also manage your account online using our app.
Yes! You can earn cashback savings of up to 5% by spending your rewards online or in store with over 50 selected retailers and even 2.5% with selected grocery partners. You can also top up the amount on your card with your own money using the Spark app to make the most of your card. Our prepaid visa card is also Apple and Google pay enabled for complete flexibility when you need it.
Don’t forget that you are personally responsible for declaring Bluestone rewards to HMRC for tax purposes. Speak to your account manager about registering – you deserve it!
Some lenders may charge an early repayment fee if you choose to pay off your commercial mortgage ahead of schedule. This fee can range from a few hundred to several thousand pounds, depending on the terms of the loan.
A professional indemnity insurance loan is a type of finance that allows organisations in the UK to borrow money to cover the cost of their professional indemnity insurance premiums. The loan is secured against the policy itself, and the lender will typically pay the premium directly to the insurance company on behalf of the borrower. The borrower then repays the loan, including any interest or fees, over a set period of time.
To be eligible for a professional indemnity insurance loan in the UK, an organisation must typically have a professional indemnity insurance policy in place. Other eligibility criteria may include the type of organisation, the size and financial standing of the business, and the amount of the loan being sought.
The repayment period for a professional indemnity insurance loan will depend on a variety of factors, including the size of the loan, the type of business, and the lender's requirements. Typically, professional indemnity insurance loans have repayment periods of 12 to 24 months. The impact on cash flow will depend on the size of the loan and the interest rate charged, but most businesses find that a professional indemnity insurance loan is a manageable way to finance their insurance costs.
Yes, there may be fees and charges associated with professional indemnity insurance loans, including an application fee, an arrangement fee, and interest.
A self assessment tax return loan is a loan specifically designed to help business owners manage their cash flow and meet their tax obligations. It is a short-term loan that is usually repaid within a year, and it is based on the expected amount of your tax return. This type of loan is different from other types of loans for organisations in that it is specifically designed to help you manage your tax obligations, rather than providing long-term funding for your operations.
A self assessment tax return loan can help you manage your cash flow and meet your tax obligations by providing you with the funds you need to pay your taxes on time. This can help you avoid penalties and interest charges that may result from late or missed payments, and it can also help you maintain good standing with the tax authorities.
The eligibility requirements for self assessment tax return loans can vary depending on the lender and the type of loan, but typically, you will need to have a good credit score and stable business revenue to be approved. Some lenders may also require that you have been in business for a certain time and that you have a positive business history.
The typical repayment terms for self assessment tax return loans are usually between 6 and 12 months, and the interest rates can vary depending on the lender and the loan amount.
An finance lease is a type of leasing arrangement in which the lessor (the finance company) purchases the asset and then leases it to the lessee (the organisation) for an agreed-upon period of time. At the end of the lease term, the organisation may have the option to purchase the asset for a pre-determined amount or return it to the finance company. A finance lease differs from other financing options in that it provides organisations with the use of the asset without the responsibility of owning it outright.
A finance lease can help a business acquire the assets it needs to grow and succeed by providing access to the latest equipment, vehicles, or other assets without the need for a large upfront capital outlay. This can help businesses conserve their cash and maintain a strong financial position.
The types of assets that can be leased through a finance lease vary, but they typically include equipment, vehicles, and other capital assets that a business needs to operate. The process for acquiring a lease typically involves filling out an application, providing financial information, and submitting a credit check.
The eligibility requirements for finance leases vary depending on the finance company, but they may include minimum credit scores, revenue thresholds, and other financial criteria.
The typical repayment terms for finance leases vary depending on the finance company, the asset being leased, and the terms of the lease agreement. Repayment terms may range from several months to several years. Compared to other financing options, finance leases typically have lower monthly payments and may provide more flexible repayment terms.
There may be fees associated with finance leases, such as application fees, maintenance fees, and termination fees.
To be eligible for asset finance for schools, you typically need to provide information about your school's financial history, including revenue, expenses, and debt. We may also require a personal guarantee from key members of your school's management team.
The repayment terms and interest rates for asset finance for schools vary depending on the specific financing product and the assets being financed. In general, repayment terms can range from a few months to several years, and interest rates will be determined based on your school's credit history and the specific financing product.
Absolutely! Our goal is to help you find the financing solution that best meets the needs of your school. We will work with you to understand your specific requirements and develop a tailored financing solution that fits your needs. This may involve considering a variety of financing products and providers, and we will provide you with guidance and support throughout the process.
Public sector asset finance can be used to finance a wide range of assets, including vehicles, machinery and equipment, property, and IT equipment. These assets can be acquired through a variety of financing options, such as hire purchase, leasing, and refinancing.
The approval process for public sector asset finance can vary depending on the lender and the specific financing product. Typically, the approval process can take anywhere from a few days to several weeks. However, the process can be expedited by providing all the required documentation upfront and working with an experienced asset finance broker like Bluestone.
The eligibility criteria for public sector asset finance can vary depending on the lender and the specific financing product. However, some common eligibility criteria include having a good credit score, having a solid financial track record, and being able to demonstrate the ability to make repayments. The specific criteria will depend on the lender and the product.
Asset finance can help public sector organisations to improve their financial sustainability by providing them with the ability to acquire assets without tying up large amounts of cash upfront. This can help to improve cash flow management and preserve existing financial resources. Additionally, asset finance can provide tax benefits and help organisations to manage their balance sheet more effectively. Finally, asset finance can enable organisations to acquire the assets they need to deliver services to their communities, which can help to improve the overall effectiveness and efficiency of public sector operations.
The below businesses are eligible:
Banks, building societies, insurance companies, public-sector bodies and state funded primary and secondary schools are not elgible.
The Recovery Loan Scheme (RLS) was introduced in April 2021 as agovernment-backed loan scheme to support access to finance for UK businesses as they look to invest and grow. In August 2022, it was announced that the scheme, which is administered by The British Business Bank on behalf of the Secretary of State for Business and Trade, would continue to run until June 2024 to help businesses handle the pressure of rising costs.