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Invoice financing is a great cash flow solution for companies issuing invoices who may be waiting weeks or months to get paid.
Don’t wait for your invoices to get paid. Invoice finance allows you to unlock cash flow immediately.
This means that, whatever your requirements are, we’re able to connect you with the right lender at the right time for the right price.
Everything we do is tailored to your organisational needs. It’s our job to find the perfect finance option for you.
A factoring lender will lend against your customer invoices, enabling you to receive a large percentage of your invoices immediately.
They will also run credit control to recover any outstanding or overdue invoices on your behalf, saving you time and money.
When your customer has paid, you will receive the remaining invoice value minus the invoice company’s fees. This solution is a great cash flow option if you are starting out and need help covering up front costs before invoices are paid.
Invoice factoring is the process of selling your unpaid invoices to a third-party company. This company will then take over pursuing the debt, and you get your money immediately.
This can be a great way to unlock the cash flow you need to grow your business.
In a similar way to factoring, discounting allows you to gain instant access to money tied up in unpaid invoices.
Consider invoice discounting as a series of short-term business loans, where the invoice is security. The lender knows you’re owed money, so will lend you most of it before the customer pays. Once they pay, you cover the loan and any fees.
The main difference between the two is that invoice discounting doesn’t delegate credit control, meaning that it’s still your job to chase any late payments. This allows you to maintain a relationship with your customer, and disguises the fact that you’re using invoice financing.
If your business issues invoices that have a term of thirty days or more, invoice finance can be a great way to alleviate any cash flow droughts that occur.
With invoice finance, your invoice finance company will run credit control on your behalf, meaning you’ll never need to chase a late invoice again.
As you grow, you may be eligible for a reduction in invoice company rates/an increase in the invoice finance limit – so the finance option grows alongside you.
Built on a long heritage of business finance, our traditional approach is centred around you, your business and your needs.
No algorithms, no over-complicated process, no complex application forms, just our people, taking the time to get to know you and your business, before using our highly knowledgeable and creative underwriting techniques to connect you to the right funding at the right time.
Invoice financing is the process of borrowing against unpaid invoices up to 95% of their value. If you have clients with invoices outstanding, you can take a loan out against them. When the invoices are paid, you clear the debt. This allows you to get the funds you need significantly quicker, allowing you to reinvest in your business.
Generally, invoice financing works as follows:
Invoice finance facilities are where a lender uses unpaid invoices as collateral for your loan. Once invoices are paid, you clear your debt.