GC can facilitate credit limits for customers, available for drawdown as and when required. The limit is set for a pre-agreed period of time, usually a year, and is then reviewed. If the customer has a continued programme of IT investment, the facility can be renewed and subject to status, revised upward to cater for future needs.

Each individual drawdown under this type of facility is a fixed term agreement i.e. Lease or Lease Purchase. For convenience, subsequent advances (forming part of the agreed credit limit) can be set up either as an independent agreement or added to the remaining balance of the original investment. In the second scenario, the new facility would co-terminate with the Master Agreement comprising of all the relevant financial terms and conditions.

This type of arrangement is particularly helpful for organisations that require the security of knowing the finance facility has been agreed before they formally enter into a supply contract.

If you would like further information, please send an e-mail or call us directly on 020 8255 5505.