Invoice finance releases the cash tied up in your invoices which are not due for payment for a period and can be a great support to any business that need to strengthen their cash flow.
There are two types of invoice finance Factoring and Discounting.
Invoice Factoring is a disclosed facility which includes credit control, debt collection and funding. The person buying your goods and services will know that you have a factor involved. It can also include bad debt protection.
Confidential Invoice Discounting is a funding only solution. This is usually confidential and leaves the credit management to you. Like factoring, it can include bad debt protection.
- Both products can often give you up to 90% of your outstanding invoice value within 24 hours of the work being completed or goods delivered.
- The remainder is paid to you after the customer has paid minus a charge for the service.
If you want to discuss the options available to you give us a call, send us an email or use our contact form and one of the team will get back to you.