Our finance specialists help businesses across the UK arrange Invoice Finance facilities. It is one of the most widely used forms of commercial finance available. If your business trades B2B on credit terms then you may be able to release money instantly from your unpaid customer invoices. We will help you find a suitable facility and negotiate with multiple lenders to get you a great deal.
We do not charge a fee for our service so contact us now to discuss your funding options.
An Invoice Finance facility allows you to lend money against your debtor book. If you grant credit terms to your customers, waiting up to 90 days to be paid can cause cash-flow issues. Lenders will pay you up to 100% of your unpaid receivables, when your customer pays the balance is cleared. This means there are no weekly/monthly loan repayments and the more sales you make the more funding you can access.
The most common type of Invoice Finance facility is Factoring. An Invoice Factoring facility usually covers your whole turnover and normally includes full credit control. It is most suitable for smaller SME’s who don’t have their own credit control team. It’s usually disclosed to your customer but can be confidential in some circumstances.
Another popular funding facility is Invoice Discounting. This is more suitable to larger companies that have an in house credit control team. Funders will release up to 100% of your debtor book, although 80% is more common. A discounting facility is usually done on a confidential basis without your customers knowing.
It’s possible to release money very quickly from a single large invoice as you need it. This can be done without any long term contracts and in under 24 hours if needed.
Specialist Invoice Finance facilities are available for companies in the building and construction sector. You can release funds from approved applications, unapproved applications and invoices for project work.