INVOICE FINANCE
1 in 3 business owners have never heard of Invoice Finance.
A crying shame considering it can help almost any business to boost their cash flow.
If you are regularly sending invoices, you could be eligible. Put simply, Invoice Finance is one of the best ways to ease cash flow problems and get paid faster for the work completed.
How does it work?
Invoice Finance means borrowing money against money that customers owe to your business. Unpaid invoices represent money that will be paid to you, but you could be waiting weeks or months until the money is in your bank account.
Invoice Finance allows you to receive a pre-agreed percentage of an invoice within 24 hours of raising it, often up to 90% of the invoice.
This method of funding lets you access finance for boosting your cash flow or investment purposes, using an often-untapped asset on your balance sheet.
Invoice Finance allows you to offer extended payment terms like 60 or 90 days to your customers without the detrimental impact it could have on your business’s cash flow.
Talk to our Invoice Finance specialists today
5 Benefits of Invoice Finance
Ease Pressure on Cashflow
Boost your available capital by releasing funds caught up in invoices.
Get Paid Faster
Do a job today, get paid tomorrow. Ease disruption to payments.
Offer Better Terms
Offer longer payment terms without pressure on your business.
24-Hour Turnaround
Receive up to 90% of the value of an invoice, often within 24 hours*.
Payment Protection
Benefit from payment protection with some lines of IF credit.
Invoice Discounting
We look after your cash flow, so you can focus on running business
Having large sums of cash ‘tied up’ in your debtors can seriously limit your business growth. Invoice discounting is an effective way of improving your cash flow by immediately releasing cash from your invoices.
Invoice discounting is un-disclosed, your customers will not be aware that you’re using it, the facility is confidential. You retain full control of your sales ledger and customer relationship.
In addition to helping your cash flow for the day to day running of your business, injecting cash from an Invoice Discounting facility could help you save money by paying your suppliers early & securing discounts on their invoices.
It’s as easy as…
1. Send us your invoice electronically, the lender will release the funds.
2. When your customers have paid, the lender will release the remaining funds, minus our fee.
3. We recalculate the funds available to you– so you always know where you are.
Invoice discounting
…Works in a similar way to factoring, but your business keeps control of customer payments.
You pay a fee and a discount charge (like interest) if you use the funding, much like a standard overdraft
Invoice Factoring
Invoice discounting is an effective way of improving your cash flow by immediately releasing cash from your invoices…. and we take full responsibility of your whole credit control function.
Your cash-flow is greatly improved AND we do all the leg work for you.
You get up to 90% of the value of approved invoices – by the next working day. You get more funds than you would from a traditional overdraft, with no delays.
You will get a highly professional credit control team taking care of every aspect of your debt collection, leaving you free to run your business.
Key sectors…
● Contractors in the construction sector
● Manufacturers and wholesalers
● Transport firms
● Recruitment
● Engineering
● Distributors
● Printers
● Business services providers
● Brewery
Selective & Spot Invoice Finance
…Is where you can choose either a single or selection of invoices you wish to finance as and when you need too.
They are typically selected by individual customers if they are on extended payment terms.
Recruitment - pay and bill finance
Temporary recruitment agencies often struggle with cash flow. Your candidates expect to be paid straight away whilst your clients pay to their terms.
Pay & Bill Finance aims to plug this gap. It offers an all-encompassing facility:
● You get your back office pay-roll system run for you.
● You get you get fast access to your cash, net of tax and deductions (and the service fees)
● Your candidates get paid directly.