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Gunner’s Consulting

Gunner's Consulting, run by Lino Gunner, is an Environmental Engineering Consultancy Firm. It pays out salaries and makes payments to all of it suppliers on the 15th day of every month, however, it does not receive payments from clients until the end of each month.

Gunner’s Consulting needs a short-term, on-demand facility to use as a safety net in case it needs to make any unexpected payments before the 15th day and the end of the month.

Based on your understanding of Gunner's needs, which product would you recommend?

If you need a hint click on each icon. Then select the most appropriate option and click ‘Submit’.

Lino

Product

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Consider offering a working capital product in this instance. A working capital product offers the client easily accessible funds and a safety net by allowing them to withdraw extra funds up to their approved limit, with no set repayments.

Click 'X' to return to the main screen.
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Pricing

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Pricing for a revolving facility will require a client to pay the following:

  • an establishment fee to set up the account,
  • an interest rate based on the credit risk of the businesses,
  • a line fee on the overall limit which ensures they can have access to their money 24/7 and also covers things such as capital charges and operating costs.
Click 'X' to return to the main screen.
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Process

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Given the client requires a new product, a full CCL application must be completed in this scenario.

Click 'X' to return to the main screen.
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