Invoice Finance
Unlock the cash tied up in unpaid invoices to keep your business running smoothly.
By maintaining a steady cash flow without waiting for customer payments, you can scale operations, hire new staff, and make strategic investments. With the help of invoice finance brokers, you’ll find the right deal to support growth and seize new opportunities without being constrained by cash flow issues.
Benefits
- Flexible type of funding provided against receivables
- Invoice finance unlocks working capital tied up in outstanding invoices
- Swift access to funding
- A close, day-to-day collaborative partnership with a dedicated specialist
Key Terms
- Facilities ranging from £250,000 to £10,000,000
- Advances of up to 90% of invoice value
- Invoice discounting facility (confidential & disclosed)
- Blended and supplemented with collateralised loans secured against plant & machinery, inventory or property
Eligibility Requirements
- Turnover of £1,000,000 upwards
- Trading for three years or longer
- Limited Company
- Proven financial/operational systems and reporting
We make it effortless
Frequently Asked Questions
What is invoice finance?
Invoice finance allows a lender to use an unpaid invoice as security for funding, providing you with fast access to a percentage of the invoice’s value, often within 24 hours.
What can invoice finance be used for?
Invoice financing is a flexible means of managing and accessing cash flow for a wide range of scenarios.
Funds generated can be used to:
- Finance growth.
- Fund export trading.
- Provide day-to-day working capital.
- Smooth seasonal cash flow requirements.
- Facilitate turnaround and restructuring.
- Support event-driven transactions such as MBOs/MBIs, working hand in hand with management teams.
Our invoice finance funding can be complemented with collateralised loans secured against plant, machinery, inventory and property, maximising funding for any scenario.
What are the benefits of invoice finance?
An invoice finance facility can be used for various purposes and enables you to budget effectively, with fixed periodic repayments agreed upon and no unexpected costs.
What to consider with an invoice finance loan?
The total cost of an invoice finance loan includes interest, charges, and fees, which will vary depending on your business’s credit history.
It’s important to carefully evaluate these costs before deciding if it’s the right solution for your business. Additionally, some invoice finance loans may require a personal guarantee in certain situations.
Is invoice finance suitable for small businesses?
Yes, we support SMEs with invoice finance, subject to suitability. Our invoice finance solutions are designed to improve cash flow and support your business’s growth.
What are the eligibility criteria for invoice finance?
Eligibility depends on a few key factors, such as the nature of your business and the creditworthiness of your customers. Our team specialises in creating tailored invoice finance solutions and will be happy to guide you through your options.
How can I learn more about invoice finance?
To explore our invoice finance solutions, including both invoice factoring and discounting facilities, or to discuss your options, complete our enquiry form or give us a call today. Our team of specialists will be happy to assist you.
Are there any alternatives to invoice finance?
Yes. The closest alternatives to invoice finance include working capital loans, asset finance and other forms of credit such as business credit cards, overdrafts, and other means of funding.
Will my customers know that I’m using invoice finance?
It depends on what form of invoice financing you choose. With invoice factoring, where the lender takes on your sales ledger and collects payments themselves, your customers will likely be made aware. To keep your borrowing under wraps, you can opt for an invoice discounting approach.
Can I get invoice finance with a bad credit score?
Yes, even with a bad credit score, you can still obtain invoice financing, subject to the eligibility criteria of your chosen lender. Since the concept of invoice financing is more about the money owed to you by clients, lenders will usually be more concerned about the credit scores of your customers. That said, building a good business credit score is always good practice.
“Invoice finance can provide numerous benefits and is the ideal solution for businesses to improve their cash flow. Essentially it allows business owners to unlock cash tied up in unpaid invoices. Also, unlike traditional working capital solutions such as a bank overdraft - it facilitates business growth.”
Alex Baines
Business Development Executive
Customer Stories
Helping a growing manufacturer get the funds they need to seize new opportunities.
Here to help if you need us
Contact our UK-based team if you have any questions
