Proposal Fee
1.85%
Of gross funded turnover
Indicative funding proposal · GBP
Funding for your next stage of growth.
Fund contract invoices and manage timesheets, invoicing and payroll together.
Sample figures for testingIllustrative proposal preview
Your commercial terms
Your pricing.
The fees for your selected package, with the basis of each charge shown alongside the rate.
Fixed platform fee
£200
Per month
Variable platform fee
0.15%
Of gross funded turnover
Facility set-up fee
Free
Customer credit protected funding limit requests are also free
Other fees
- Transfer fee
- 1.2% of gross take-on ledger, if purchased
- PAYE payslip fee
- £1.50
All fees will be subject to reclaimable VAT.
Your rebate
Defer Pay Rebate
How much could you earn?
Earn 0.025% per day in GBP on deferred worker pay and margin.
The calculator starts with an example of £10,000 deferred for 30 days. You can change either figure.
Rebates accrue daily and are paid into your Wallet on the 28th of each month.
Assumes the same balance is deferred for the same number of days once a month, 12 times a year.
Per deferral—
Your package
Included as standard.
Services included with Time & Fund.
- E-signature for contracts
- Online timesheets
- Self-bill invoicing
- Credit control
- Online portal
- Payroll, including everyday payroll
Bad Debt Protection
Included in the purchase fee, covering 95% of invoice value.
Also selected for this proposal
- PAYE payslip processing
- Deferred Pay for worker wages
- Deferred Margin for agency margin
The details that matter
The terms behind
the proposal.
Review the checks, security requirements and contract terms that apply to your funding.
Security & guarantees
Company security
A debenture charge on company assets, with priority over book debts ahead of any other charge holders.
Guarantees
A personal guarantee is not taken as standard and is subject to underwriting. A corporate guarantee is required if there is a group structure.
Conditions to progress
Checks before we can make a formal offer
Due diligence, Know Your Customer checks, validation of debtor days and final credit approval.
Audit
A satisfactory audit is required.
Pricing review
A change in debtor days may lead to a fee review. Pricing is to be reviewed if the Bank of England Base Rate changes.
Overdue debt
Extension and reclaim charges can apply after 60 and 90 days past due respectively. See the rates and conditions below.
Contract & validity
- Minimum contract term
- 12 months
- Notice period
- 60 days
- Illustrative issue date
- 5 November 2026
- Indicative offer validity
- 14 days from issue
Funding conditions
Concentration
No concentration limit
Excluded debts
Determined on debtor creditworthiness.
Access to funds & worker payments
Funding can be processed automatically after timesheet approval. The agency can set its invoice and billing cycles.
With funding at 100% of gross invoice value, margin and VAT funds are in your Wallet once invoices are issued. Withdraw before 5pm for funds to arrive the following working day.
Worker payments are scheduled into contractor wallets according to contractor payment terms. The timesheet app shows the amount and processing date.
Applicable deferred balances start earning rebates from day one.
Overdue debt charges
A formal offer would set out any extension and reclaim charges, how they apply and when funding stops.
Other conditions & confidentiality
The governing law is England and Wales. A formal offer may contain additional terms under Sonovate’s standard terms.
This indication is for discussion and is subject to satisfactory formal credit approval and due diligence. It is confidential to the intended recipient.
Getting funded
Your funding timeline.
We’ll work with you towards your target funding date, subject to approval, signed agreements and setup.
Review and checks
Review the proposal with us and complete due diligence and credit checks.
Formal offer
Review and sign the funding agreement once approved.
Get set up
We’ll confirm what we need to get your facility ready.
Target funding date
First funding can begin once the facility is ready.