Yes, our OPlan and Logicap facilities with drawdown or managed capital both satisfy these financial requirements fully.
Yes, we provide support for businesses of all sizes.
No, OPlan facilities provided by GU capital are managed and are intended for operator/vehicle related costs and expenses in line with fleet operator requirements. This is designed to provide a headroom capability and to complement existing working capital. The facility cannot be used as a sole source of capital or to fund non relevant transactions.
For the OPlan facility we charge an initial facility setup & documentation fee and then an ongoing facility service fee, this can be paid annually or monthly by Direct Debit. You will only be charged interest when funds are drawn on your facility, interest is charged on the funds until repaid in accordance with the agreed repayment agreement.
For Logicap funds, the costs are structured in conjunction with the size and requirement of the headroom fund facility, interest is charged on all managed capital.
We charge a service fee because the facility is in use from the moment it is available and providing your financial compliance. Without the support of the facility, companies could not rely on the peace of mind and added flexibility the facility creates.
In our experience most operators benefit from knowing that they can better balance their cashflow activities with a headroom facility that always provides funds to match your legal operator commitments.
This facility is tailored and specifically designed for its intended purpose of keeping your licence legally compliant. Our facility is matched to your fleet size. An overdraft or other generic credit facility can be used for many things and by default can therefore become used to an extent that you are no longer compliant on unrelated costs, other facilities also don’t flex with use or fleet size to keep you compliant. Our opinion is that other facilities are all equally important and should be used collectively to provide responsible cashflow management on balance with the required levels of working capital. We believe there is no substitute to the added benefit of the OPlan.
OPlan facilties are for a minimum of 12 months, they can be terminated by serving notice and then 12 weeks later your facility will be closed subject to our terms.
Logicap is tailored to each client and can be repaid or restructured to suit a satisfactory repayment of any funding.
Our clients benefit from our in-house legal guidance and industry guidance free of charge. We are always here to support you where we can.
OPlan can be used by new fleet operators but we would need to be satisfied that you have access to sufficient capital and sector experience to qualify for a facility.
Business lending is unregulated, so the FCA regulation for business lenders is purely voluntary, we are however going though FCA regulation as we believe this reflects our commitment to best practise.