Invoice Discounting/Factoring
With Bank overdrafts and other forms of short-term business finance that were traditionally used to aid your business's cash flow increasingly unavailable, Invoice Finance options like Invoice Discounting or Factoring have become a more popular option. As an independent broker we can offer you impartial advice and shop around to get the best deal for you. The advantages of Invoice Finance are:
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Up to 90% of the invoice amount available within 1-2 days of raising an invoice
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Unlike an overdraft, funding levels grow as your business does
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It shortens your billing cycle
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It can improve your own credit rating through prudent cash management
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It can be completely confidential from your Debtors (Invoice Discounting)
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You retain control over your billing function (Invoice Discounting) or outsource it (Factoring)
If you're unsure which is better for your business either talk to our Advisors or read our simple Guide to Invoice Finance
To be eligible for Invoice Discounting you need to be a UK company with a turnover of £500k+ and have a well-run credit control function; eligibility for Factoring starts with a turnover of just £50k. If you then issue trade invoices with terms of 14-90 days we can assist you.
Our Commercial Finance team can also offer you options with other types of finance for your business such as commercial mortgages, asset finance or lease finance.
In addition, we are one of the few brokers in the UK to have a relationship with a commercial peer-to-peer lender meaning we can arrange finance for business from private individuals. It's all part of our commitment to do what we can to get out clients the best range of finance options. Call us for more details.
Invoice Discounting
Factoring
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