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INVOICE FINANCEIf you sell to your business customers on credit terms and you are owed money for delivered goods or services, invoice finance can help you!
GET INSTANT ACCESS TO CASH TIED UP
In short, invoice finance is a way of financing your business by giving you a % of your outstanding invoices as soon as the goods/service has been delivered as opposed to waiting for your customers to pay.
There are two main types of solutions that fall under invoice finance, these are Invoice Discounting and Factoring.
WHAT IS INVOICE DISCOUNTING?
Invoice discounting gives you a % of your outstanding invoices as soon as your goods or services are delivered. This is generally confidential (so none of your customers know) and all of the administration and collection of the invoices are still your responsibility. This is the lowest touch option for Invoice Finance.
WHAT IS FACTORING?
With factoring, the facility provides you with all of the above but the factoring company also carries out credit control and runs a sales ledger on your behalf. Customers generally know about the involvement of the factoring company but it can also be confidential.
THE BENEFITS
- Helps businesses grow by speeding up the invoicing cycle
- Provides much more funding than more traditional working capital funding such as overdrafts
- Can fund new and young businesses
OUR DEALS
TESTIMONIALS
FIND FUNDING NOW
Our expert team have access to various forms of funding in the marketplace, from factoring, stock funding, invoice funding, unsecured loans and much more.
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