What is Invoice Financing?
Don’t wait around weeks/months for outstanding invoices to be paid. This can be desperately frustrating & puts your business under unfair pressure. Most company failures are caused by cash flow problems. Invoice Finance allows you to quickly release cash into your business by converting the value of unpaid invoices or contract billing into ready working capital. Whether you want to relieve cash flow pressures, reduce finance costs, or have access to additional finance to fuel expansion plans, we’re here to help.
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How Does It Work?
- You send your outstanding invoices or contract bills to the lender
- Lender typically advances up to 90% of the value within 24 hours
- When your customer pays, the balance of funds is released to you
- Lender then recalculates the funds available to you within the facility
- Indicative rates from 2% over bank base rate
- Borrow against your invoices — no asset security needed
- As your business grows, so do the funds available to you (unlike a bank overdraft)
Invoice Discounting
Confidential: your customers don’t need to know you’re using the facility
Retain control: you manage your own invoice collections
Bad Debt Protection available
Tailor-made package with all costs agreed with you up front
Flexible contract period and most business sectors considered
Factoring:
Full credit control service: you get the funds you need without the headache of chasing payments
Convenience: you’ll have online access to manage your facility, upload invoices, and check available funds at any time
Tailor-made package with all costs agreed with you up front
Bad Debt Protection available
Personal service: you’ll have a dedicated Relationship Manager on hand to provide support and advice
Trade Finance
Trade Finance can help you purchase the goods (raw materials, stock, finished products) your business needs from UK and overseas suppliers. Lots of fast growing businesses are often frustrated by the lack of viable working capital options to support their growth. Trade Finance enables you to focus on growing your sales with credit facilities that preserve your cash flow & allow timely settlement of supplier invoices.
Trade Finance usually dovetails with an invoice finance facility but some stand-alone options are available.
Key Features
Financing your trade cycle: bridge the gap between placing orders with your suppliers and getting paid by your customers
Peace of mind: an expert team to handle your supplier payments whilst you focus on customer deadlines and growing your business
Full funding: letters of credit to 100% of purchase price; duties, taxes and transportation costs can be included
Transparency & convenience: clear competitive up front costing and online account portal giving you complete visibility of your transactions
