What we audit
Business finance
Where you already borrow, we work out what it actually costs you as an annual figure. We do not advise on or arrange credit — where refinancing looks worthwhile, we introduce you to authorised lenders and brokers.
ABCA Solutions Ltd is not authorised or regulated by the Financial Conduct Authority. We do not advise on, arrange or recommend business finance. We act as an introducer to authorised firms, who deal with you directly.
What we need from you
- Loan or facility agreements
- Asset finance schedules
- Merchant cash advance agreement
What we check
Everything on this list, on every audit.
Not a sample. If a line does not apply to your business, the report says so and why.
- 01Total cost of existing facilities expressed as an annual figure, not a factor rate
- 02Asset finance running past the useful life of the asset
- 03Merchant cash advance cost relative to card turnover
- 04Invoice finance charges — service fee, discount rate and disbursements
- 05Personal guarantees given and what they secure
Where the money goes
The four ways this line quietly gets more expensive.
None of these involve anyone doing anything wrong. They are how the contracts are built.
Factor rates read as interest rates
A 1.3 factor rate repaid over nine months is not 30% a year. Stated as an annual cost it is considerably more.
Stacked advances
Taking a second advance to service the first is the most expensive money in the market.
Asset finance outliving the asset
Paying for equipment that has already been replaced or written off.
What you receive
This line, on your report.
A single table of every facility, its true annual cost and its end date — so you can see the total cost of borrowing in one place before deciding anything.
Other lines
The rest of the audit.
The last step is yours
Send us three bills. Keep the report either way.
It takes about five minutes at your end. Nothing is chargeable, nothing auto-renews, and nobody calls you unless you ask.