Business Finance

Invoice finance lets you access cash that you’re owed through invoices you’ve raised before your customer pays you. It keeps your cash moving and cashflow becomes easier to manage.

You might think it similar to an overdraft facility, only the overdraft limit is set by the amount of money you’re owed in outstanding invoices.

Broadly, there are two types of invoice finance on the market. As with any finance product there are exceptions and hybrid models developing all the time, but as a rule of thumb they will fall into one of the following categories:

• Discounting: Discounting is simply a finance facility you can dip in and out of whenever you want, within certain pre-set parameters determined by your business performance and level of outstanding invoices. You as a business are still responsible to chase debtors for payment, and deal with any non-payments. This means that to your debtors the conversation and relationship for payment is always with you.

• Factoring: Factoring provides the same facility as above AND the lender will chase invoices, outstanding payments and overdue invoices from your customers. This is a much more ‘hands off’ approach and tends to work well for businesses looking to scale rapidly that don’t want to spend the man-hours chasing paperwork and payments. It frees you up to do what you do best.

As an add-on, many businesses choose to take out bad debt protection, which protects you against any customers not able to settle their invoices. We work alongside a vast range of invoice finance lenders, and in turn that means we’re able to deal with a wide range of circumstances and industries. Whether you are brand new to invoice finance, have an existing relationship with a provider that you haven’t reviewed in a while or been declined by other providers previously we may be able to help.

We cater for:

• New Start-ups
• Fast Growing Businesses
• Construction Industry/Contractual Debt
• Adverse Credit
• Phoenix Companies
• Overseas Customers/Overseas Exporters
• Many more