The option is available for credit protection over and above the 90% credit insurance cover currently available on Sancus supply chain financing opportunities.

The announcement comes in response to feedback from funders as the Sancus Group looks to improve its financing solutions across the business.

The supply chain finance opportunities offered by Sancus are typically short-term credit-insured, with 90% of the capital exposure being recoverable from the credit insurer in the event of a relevant claim.

When an opportunity does not benefit from credit insurance, Sancus will provide 10% first loss cover to those under a funder protection policy.

This latest announcement will allow funders to bring both forms of protection together and benefit from full cover on these opportunities.

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 “The enhanced protection option provides funders with greater choice, underlines the confidence that we have in our underwriting processes and demonstrates a strong alignment of interests with our funders,” said Dan Walker, managing director of Sancus Finance (pictured above).

“We are committed to ensuring that SMEs and their owners have access to funding to support their businesses.”

Sancus Group has provided in excess of £800m of funding to SMEs and entrepreneurs over the past four years.

“To ensure this funding is available, we must also offer our funders a range of options to support their own risk/return profiles and their growing expectations in an ever-changing market,” added Dan.

“Increasing the menu of options available to funders in this way will in turn help us to improve access to flexible funding to businesses, allowing them to realise their growth plans.”