Invoice Discounting and Factoring are flexible facilities which release cash tied up in outstanding customer invoices, bridging the gap between raising an invoice and getting paid.
Invoice Finance improves your cash flow by providing an immediate injection of cash against the value of your outstanding invoices.
Each time you raise a sales invoice a percentage of its value (up to 90%) will be released to you. The remaining balance, less any fees charged will be paid to your business once your customer has paid the invoice in full. This provides an immediate supply of cash which is directly linked to your sales, so as your business turnover grows so does the amount of funding available to you. Both facilities are suitable for start-ups and growing businesses.
Invoice Finance Benefits:
- Can release up to 90% of your unpaid invoice amount within 24 hours
- Credit control and debtor protection options available
- A cost effective alternative to a bank overdraft
- Can be operated under total confidentiality