Invoice Finance
Using unpaid invoices as security for funding, giving you quick access to a percentage of it’s value, quickly.
What Is Invoice Finance?
Invoice finance is a handy funding tool that helps to improve cashflow by providing an advance against the value of a company’s outstanding invoices upfront (up to 90%). This eliminates the need to wait for payments from customers, sparing companies from the consequences of late payments and unpaid invoices.
This is a facility with two main benefits; an immediate cash injection upon commencement of your facility and an ongoing ability to drawn-down against all new invoices you raise on a daily/weekly/monthly basis.
This is both a flexible and scalable funding option, which allows businesses to cover expenses, pay suppliers promptly and invest in growth opportunities.
Invoice Factoring
Invoice factoring is an excellent funding option for newer businesses that require assistance with sales ledger management, credit control, and back-office support. With this approach, the funder takes on the responsibility of producing customer statements and chasing overdue or unpaid invoices, making it an attractive solution for businesses looking to streamline their operations.
Invoice Discounting
Invoice discounting offers UK businesses working capital funding whilst retaining control of credit and sales ledger management. The lending levels are typically higher than factoring facilities giving you more available cash against your debtors and allowing you to grow you business.
This service can be provided on a disclosed or confidential basis and can be secured with debtor insurance, mitigating your risk and exposure.